Real Estate Owned and Foreclosure Appraisals in Hillsborough County
Properties that have returned to the bank's control and homes in foreclosure present various appraisal problems.
For a property in foreclosure, you should understand the difference between fair market worth and "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your urgency.
You need a company with the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Appraisal Services of Brandon, Inc ..
Owners of homes in foreclosure may be unwilling to allow an inspection of the home, thus presenting unique challenges. Often the properties show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll discover the previous owners have moved out or the home neglected for long of time.
If your home has gone back to bank owned, you will interested in a quick disposition. However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the repairs necessary to make the home marketable at full market value consistent with similar properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific situation of an REO home, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can count on Appraisal Services of Brandon, Inc . to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.