Real Estate Owned and Foreclosure Appraisal in Hillsborough County
Properties in foreclosure and homes that have reverted to the bank's possession create special appraisal difficulties.
For a home in foreclosure, you might need to understand the difference between the fair market value and "quick disposition" value to know your potential charge-off liability. At Appraisal Group One, we have the knowledge in both providing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company with the qualifications to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal Group One.
Owners of houses in foreclosure could be disinclined to allow an inspection of the property, thus presenting specific challenges. If they abandoned the property already, they may have neglected care of the property for awhile - or even worse, damaged the home.
You will be interested in an expeditious disposition if the house has already returned to bank owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the repairs necessary 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, possibly as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned property, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Appraisal Group One to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.