Real Estate Owned and Foreclosure Appraisal in Orange County
Homes that have gone back to the financial institution's possession and properties in foreclosure create specific appraisal challenges.
You need to ascertain the difference between fair market worth and "quick disposition" value to know your potential write-down liability when dealing with a property in foreclosure. Greater Orlando Appraisal Assoc., Inc. has the experience in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time constraints.
You need a company with the experience to handle the particular dynamics of a foreclosure appraisal. Contact Greater Orlando Appraisal Assoc., Inc. for a company you can count on.
Owners of houses in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the home. If they moved out of the house already, they could have overlooked the care of the property for a long time - or worse, ransacked the house.
For a property that has already changed to bank owned, you typically will want to get rid of it quickly . But you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the repairs necessary to make the property marketable at full market value consistent with the other real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the special situation of an REO home, as well as the specific data you will need -- competing listings, market trends, and so forth. You can rely on Greater Orlando Appraisal Assoc., Inc. to handle the task of your REO professionally and efficiently. Contact us today.