Real Estate Owned Appraisals in Polk County
Real Estate in foreclosure and houses that have reverted to the financial institution's holding create particular appraisal challenges.
It's important to recognize the difference between fair market price and "quick disposition" price to evaluate your possible charge-off liability when dealing with a property in foreclosure. ASAP Appraisal Group has the training in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your timeline.
You need a company who has the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact ASAP Appraisal Group for a company you can rely on.
Owners of properties in foreclosure, of course, can present special challenges. They may be unwilling to allow an inspection of the house. Sometimes the houses have been ransacked, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for long of time.
For real estate that has already returned to REO, you probably will want it off your hands as quickly as possible . However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the work necessary to make the home marketable at full market value appropriate with similar properties in the neighborhood, 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 urgency and the unique circumstances of a Real Estate Owned home, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can bank on ASAP Appraisal Group to handle the appraisal of your REO professionally and efficiently. Contact us today.