REO Appraisal in Brevard CountyThere are special appraisal challenges when we're talking about a home in foreclosure or one that has gone back to the bank's holding. For a home in foreclosure, you might need to know the gap between the fair market worth and "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your timeline. You need a company with the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Howe Appraisals LLC for a company you can rely on. Owners of homes in foreclosure, of course, can present unique challenges. They might be opposed to allowing an inspection of the house. They could have deserted the property already and/or neglected care of the property for quite some time - or even worse, intentionally harmed the home. You'll be interested in a speedy disposition if the house has changed to REO. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the repairs necessary to make the house marketable at full market value commensurate with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO house, in addition to the unique information you will need -- competing listings, market trends, and so forth. You can count on Howe Appraisals LLC to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |