Mr. Smithmyer has authored 4 REO appraiser courses approved by the Georgia Real Estate Appraisers Board.  He is an expert in this field and currently teaches these courses throughout the state.  As such, we are uniquely qualified to provide quality REO related appraisal services to you!

For a property in foreclosure, you may need to know the difference between "market value " and quick disposition - "liquidation value", to know your potential charge-off liability. At Smithmyer & Associates, LLC, we have experience in both providing snapshots of market value for our mortgage lending and servicing clients as well as "liquidation value" forecasts that represent your timeline. 

Owners of property in the process of foreclosure, of course, present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have neglected care of the home for some time -- or worse, caused damage. We have the experience to deal with the special dynamics of a foreclosure appraisal, and you should not hesitate to rely on us.

For a property that has already reverted to Real Estate Owned, you likewise will be interested in a quick disposition or liquidation value. But you may want to know and compare three values:

'As-is", "as repaired", and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper." 

Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like.

Please browse our website to learn more about our qualifications, expertise and services offered.