Greater Orlando Appraisal Assoc., Inc. is experienced when it comes to foreclosures in Orlando
Properties that have reverted to the institution's control and houses in foreclosure create special appraisal difficulties.
When there is a home in foreclosure, you should differentiate the difference between fair market value and "quick disposition" price to analyze your possible charge-off liability. The professionals at Greater Orlando Appraisal Assoc., Inc. can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your timeline.
You need a company with the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Greater Orlando Appraisal Assoc., Inc..
Owners of houses in foreclosure, of course, can present specific challenges. They might be unwilling to allow an inspection of the home. Often the subjects have been vandalized, often by the residents. Or, it's likely you'll discover a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
For real estate that has already gone back to bank owned, you most likely will be going for an expeditious resolution . However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs called for to make the house marketable at full market value corresponding with the other real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a Real Estate Owned home, in addition to the specific information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Greater Orlando Appraisal Assoc., Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.