Greater Orlando Appraisal Assoc., Inc. is a company you can trust when you need appraisals for bank owned properties in Orlando
Homes in foreclosure and homes that have reverted to the institution's control bring forth particular appraisal challenges.
When there is a house in foreclosure, you should know the difference between fair market worth and "quick disposition" value 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 originating clients, as well as "quick sale" forecasts that understand your timeline.
You need a company who has the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Greater Orlando Appraisal Assoc., Inc. for a company you can count on.
Occupants of homes in foreclosure may be disinclined to allow an inspection of the property, thus presenting special challenges. Often the houses have been ransacked, often at the hands of the residents. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for long of time.
For a house that has reverted to REO, you most likely will want to get rid of it quickly . However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs called for to make the house marketable at full market value consistent with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of an REO house, in addition to the unique information you will need -- competing listings, market trends, and the like. You can bank on Greater Orlando Appraisal Assoc., Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.