Robert J. Reamer is experienced when it comes to bank owned properties in Grand Traverse CountyHomes in foreclosure and properties that have returned to the bank's ownership create special appraisal difficulties.
For a property in foreclosure, you should understand the gap between market price and a "quick disposition" value to know your potential charge-off liability. Robert J. Reamer has the experience in both providing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
Owners of homes in foreclosureunfortunately can present special challenges. They might be opposed to allowing the appraiser access to the home. They might have abandoned the property already and/or ignored the care of the house for quite awhile - or gone as far as damaged the house.
If you're dealing with a house that has already gone back to REO, you will interested in a fast disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale". These symbolize: