Atlantic Coast Appraisal is experienced when you need appraisals for foreclosures in Plantation
Properties in foreclosure and properties that have reverted to the bank's possession present special appraisal challenges.
When there is a house in foreclosure, it's important to understand the difference between fair market value and "quick disposition" price to know your probable charge-off liability. The professionals at Atlantic Coast Appraisal can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints.
You need a company who has the training to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Atlantic Coast Appraisal.
Owners of properties in foreclosure, of course, can present specific challenges. They may be uncooperative to allowing an inspection of the house. They may have left the property already and/or neglected care of the home for a long time - or gone as far as vandalized the property.
You'll be interested in a fast disposition if the house has already reverted to REO. So you need to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the repairs due to make the house marketable at full market value commensurate with the other homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of an REO house, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Atlantic Coast Appraisal to handle the task of your REO with expertise and professionalism. Contact us today.