Appraisal Associates & Consultants is experienced when it comes to foreclosures in SWFLProperties that have reverted to the institution's ownership and houses in foreclosure bring forth unique appraisal difficulties. For a house in foreclosure, you need to recognize the gap between the fair market worth and "quick disposition" to know your possible charge-off liability. The professionals at Appraisal Associates & Consultants can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints. We have the experience to work with the particular dynamics of a foreclosure appraisal. Contact Appraisal Associates & Consultants for a company you can count on. Specific challenges can be present when working with owners of homes in foreclosure. They could be opposed to allowing an inspection of the property. If they moved out of the property already, they may have not taken care of the home for quite awhile - or even worse, ransacked the house. For real estate that has gone back to Real Estate Owned, you most likely will be going for a quick disposition . However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the repairs required to make the property marketable at full market value consistent with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of a Real Estate Owned house, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Appraisal Associates & Consultants to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |