Greater Orlando Appraisal Assoc., Inc. is experienced when you need appraisals for bank owned properties in Orange
Properties that have gone back to the bank's control and houses in foreclosure create particular appraisal problems.
For a home in foreclosure, you may need to know the gap between the fair market and "quick disposition" worth to know your likely charge-off liability. Greater Orlando Appraisal Assoc., Inc. has the knowledge in both furnishing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company with the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Greater Orlando Appraisal Assoc., Inc..
Owners of properties in foreclosure, of course, can present particular challenges. They may be uncooperative to allowing an inspection of the home. Often the homes have been ransacked, often at the hands of the former residents. Or, it's common to find the residents have moved out or the home neglected for extended periods of time.
If your house has changed to Real Estate Owned, you will interested in a quick disposition. However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the repairs necessary to make the house marketable at full market value corresponding with similar homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of a bank owned house, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can count on Greater Orlando Appraisal Assoc., Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.