Foreclosure and Real Estate Owned Appraisals in Broward County
There are specific appraisal problems involved in a property in foreclosure or one that has reverted to the lender's control.
For a home in foreclosure, you might need to understand the gap between the fair market value and "quick disposition" price to know your probable charge-off liability. Atlantic Coast Appraisal has the experience in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency.
Atlantic Coast Appraisal has the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Atlantic Coast Appraisal.
Particular challenges might be present when dealing with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the property. If they moved out of the property already, they may have overlooked the care of the property for awhile - or unfortunately, damaged the house.
For a house that has returned to REO, you probably will want it off your hands as quickly as possible . But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the repairs due to make the home marketable at full market value comparable with competing real estate in the area, 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 unique circumstances of an REO home, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on Atlantic Coast Appraisal to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.