Call ARV, Inc. when you need valuations on Wayne foreclosures

ARV, Inc. is experienced when you need appraisals for bank owned properties in Macomb, Wayne, Oakland, and Washtenaw Michigan

There are various appraisal challenges regarding a property in foreclosure or one that has returned to the bank's holding.

When there is a house in foreclosure, you need to ascertain market value versus a "quick disposition" price to evaluate your probable charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.

The professionals at ARV, Inc. have the experience to deal with the unique dynamics of a foreclosure appraisal. Contact ARV, Inc. for a company you can rely on.

Unique challenges may be present when working with owners of homes in foreclosure. They could be uncooperative to allowing an inspection of the property. Often the homes have been vandalized, unfortunately at the hands of the former residents. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for long periods of time.

For real estate that has gone back to REO, you most likely will be going for an expedited resolution. In any case, you'll still want to consider three angles for determining the value of the subject property:

  • As Repaired. Value with the repairs necessary to make the home marketable at full market value - appropriate with similar properties in the neighborhood
  • As-is. The market value of the house without any work performed
  • Quick sale. Somewhere in the middle, with minor investment in repairs - to sell the home quickly, probably as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of a bank owned house, in addition to the special data you'll need - competing listings, neighborhood trends, and so forth. You can rely on ARV, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.