Foreclosure and REO Appraisal in Hillsborough County
There are special appraisal challenges when we're talking about a home in foreclosure or one that has returned to the financial institution's possession.
For a home in foreclosure, you should recognize the difference between the fair market worth and "quick disposition" value to know your possible charge-off liability. At Appraisal Services of Brandon, Inc ., we have the knowledge in both presenting snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Appraisal Services of Brandon, Inc . have the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact Appraisal Services of Brandon, Inc . for a company you can rely on.
Specific challenges might be present when dealing with owners of property in foreclosure. They may be opposed to allowing an inspection of the property. If they moved out of the home already, they might have ignored the care of the property for quite some time - or worse, damaged the home.
You will be interested in an expedited disposition if the property has already gone back to Real Estate Owned. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the repairs called for to make the home marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of a Real Estate Owned property, in addition to the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on Appraisal Services of Brandon, Inc . to take on the task of your REO professionally and efficiently. Contact us today.