Foreclosure and REO Appraisals in Broward County
There are various appraisal difficulties for a house in foreclosure or one that has gone back to the bank's holding.
For a home in foreclosure, you might need to know the gap between the fair market value and "quick disposition" value to know your potential charge-off liability. At Acanda Appraisal Co., we have the training in both presenting snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time line.
We have the training to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Acanda Appraisal Co..
Owners of property in foreclosure, of course, can present unique challenges. They might be unwilling to allow an inspection of the house. If they abandoned the home already, they could have neglected care of the house for some time - or worse, damaged the home.
If your house has already returned to Real Estate Owned, you will interested in a quick disposition. But you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the work called for to make the property marketable at full market value corresponding with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special circumstances of a Real Estate Owned home, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Acanda Appraisal Co. to take on the task of your bank owned property professionally and efficiently. Contact us today.