Greater Orlando Appraisal Assoc., Inc. is experienced when you need appraisals for foreclosures in Orange
Homes in foreclosure and homes that have returned to the lender's control bring forth specific appraisal challenges.
When dealing with a house in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" price to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your urgency.
We have the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Greater Orlando Appraisal Assoc., Inc. for a company you can trust.
Specific challenges can be present when working with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the property. If they deserted the house already, they might have neglected care of the property for a long time - or worse, ransacked the property.
You will be interested in a speedy disposition if the home has reverted to bank owned. So you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work necessary to make the house marketable at full market value commensurate with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned property, in addition to the specific information you will need -- competing listings, market trends, and the like. You can bank on Greater Orlando Appraisal Assoc., Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.