Greater Orlando Appraisal Assoc., Inc. is a company you can trust when it comes to bank owned properties in Orlando
Homes in foreclosure and properties that have reverted to the lender's holding bring forth special appraisal challenges.
For a property in foreclosure, you should know the difference between the fair market and "quick disposition" price to know your likely charge-off liability. At Greater Orlando Appraisal Assoc., Inc., we have the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Greater Orlando Appraisal Assoc., Inc. for a company you can count on.
Particular challenges may be present when dealing with owners of properties in foreclosure. They could be unwilling to allow an inspection of the property. Often the properties show signs of vandalism, often at the hands of the residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home neglected for long of time.
You'll be interested in an expeditious disposition if the home has returned to Real Estate Owned. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the repairs needed to make the house marketable at full market value appropriate with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Greater Orlando Appraisal Assoc., Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.