Atlantic Coast Appraisal is experienced when you need appraisals for foreclosures in Broward
Properties that have reverted to the bank's holding and houses in foreclosure bring forth particular appraisal challenges.
You need to differentiate the difference between fair market worth and "quick disposition" worth to analyze what losses you stand to have to endure when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your urgency.
You need a company who has the expertise to work with the specific dynamics of a foreclosure appraisal. Contact Atlantic Coast Appraisal for a company you can count on.
Owners of property in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the home. If they deserted the home already, they might have ignored the care of the home for a long time - or worse, ransacked the house.
You'll be interested in an expedited disposition if the home has changed to Real Estate Owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the work called for to make the property marketable at full market value comparable with similar properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO house, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Atlantic Coast Appraisal to handle the appraisal of your REO with expertise and professionalism. Contact us today.