REO Appraisal in Hillsborough County
There are special appraisal challenges regarding a home in foreclosure or one that has gone back to the institution's control.
When dealing with a house in foreclosure, you should understand the difference between fair market value and "quick disposition" value to analyze your probable charge-off liability. Appraisal Services of Brandon, Inc . has the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line.
We have the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal Services of Brandon, Inc ..
Owners of houses in foreclosure may be unwilling to allow an inspection of the property, thus presenting special challenges. Often the houses show signs of vandalism, often at the hands of the former residents. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time.
For real estate that has gone back to bank owned, you likewise will be going for an expeditious disposition . However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the work required to make the house marketable at full market value appropriate with similar properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned property, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can bank on Appraisal Services of Brandon, Inc . to take on the task of your bank owned property with expertise and professionalism. Contact us today.