ASAP Appraisal Group is experienced when you need appraisals for foreclosures in Lakeland
There are various appraisal challenges for a home in foreclosure or one that has returned to the institution's possession.
You need to know the difference between fair market value and "quick disposition" value to evaluate your potential charge-off liability when dealing with a house in foreclosure. At ASAP Appraisal Group, we have the experience in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
You need a company with the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact ASAP Appraisal Group.
Owners of homes in foreclosure, of course, can present unique challenges. They might be uncooperative to allowing an inspection of the house. If they have abandoned the home already, they may have not taken care of the property for quite some time - or unfortunately, ransacked the home.
If your property has already reverted to REO, you will interested in a quick disposition. However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the work due to make the property marketable at full market value appropriate with the other real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned home, as well as the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on ASAP Appraisal Group to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.