ASAP Appraisal Group is experienced when it comes to bank owned properties in Lakeland
Properties that have returned to the bank's holding and houses in foreclosure present specific appraisal challenges.
You should recognize the difference between fair market price and "quick disposition" price to know your possible write-down liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
The professionals at ASAP Appraisal Group have the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact ASAP Appraisal Group.
Owners of homes in foreclosure, of course, can present unique challenges. They could be disinclined to allow an inspection of the house. They could have moved out of the home already and/or ignored the care of the property for awhile - or unfortunately, damaged the home.
For a property that has already gone back to Real Estate Owned, you most likely will be seeking an expeditious resolution . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the repairs required to make the home marketable at full market value comparable with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific situation of an REO property, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can count on ASAP Appraisal Group to take on the task of your REO with expertise and professionalism. Contact us today.