REO and Foreclosure Appraisal in Miami-Dade CountyThere are special appraisal problems when we're talking about a home in foreclosure or one that has gone back to the institution's ownership. It's important to recognize the difference between fair market worth and "quick disposition" worth to analyze your possible charge-off liability when dealing with a property in foreclosure. At Appraisal Pro Group, we have the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints. Appraisal Pro Group has the qualifications to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal Pro Group. Particular challenges may be present when working with owners of homes in foreclosure. They could be opposed to allowing an inspection of the property. Sometimes the subjects have been ransacked, often at the hands of the former residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for long of time. If your home has gone back to bank owned, you will interested in an expedited disposition. But you may want to know 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 required to make the home marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special situation of an REO home, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Appraisal Pro Group to take on the task of your REO professionally and efficiently. Contact us today. |