Foreclosure and Real Estate Owned Appraisals in Orange CountyHomes that have gone back to the institution's possession and houses in foreclosure bring forth unique appraisal problems. For a property in foreclosure, you might need to know the difference between fair market worth and "quick disposition" price to know your potential charge-off liability. At Greater Orlando Appraisal Assoc., Inc., we have the experience in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints. We have the experience to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Greater Orlando Appraisal Assoc., Inc.. Occupants of properties in foreclosure could be disinclined to allow an inspection of the house, thus presenting special challenges. They may have moved out of the home already and/or neglected care of the home for a long time - or in some cases intentionally harmed the property. For a house that has already returned to REO, you likewise will be going for an expedited resolution . However, you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the repairs necessary to make the house marketable at full market value comparable with the other properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned house, as well as the unique data you'll need -- competing listings, market trends, and the like. You can bank on Greater Orlando Appraisal Assoc., Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |