Foreclosure and REO Appraisal in Hillsborough County
Houses that have returned to the financial institution's possession and properties in foreclosure create particular appraisal difficulties.
You need to recognize the difference between fair market value and "quick disposition" worth to know what losses you might have to endure when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
Appraisal Services of Brandon, Inc . has the training 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 properties in foreclosure, of course, can present particular challenges. They may be opposed to allowing an inspection of the home. They could have left the house already and/or overlooked the care of the property for some time - or in some cases vandalized the home.
You will be interested in a speedy disposition if the home has already gone back to REO. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the repairs required to make the property marketable at full market value consistent with the other houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO home, as well as the special data you will need -- competing listings, market trends, and the like. You can rely on Appraisal Services of Brandon, Inc . to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.