Foreclosure and REO Appraisal in Saint Johns County
Properties that have gone back to the bank's control and houses in foreclosure bring forth specific appraisal problems.
When there is a property in foreclosure, you need to understand the difference between fair market value and "quick disposition" value to know your potential charge-off liability. At Homeowner Appraisal Services, we have the background in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
We have the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Homeowner Appraisal Services.
Owners of properties in foreclosure could be unwilling to allow an inspection of the property, thus presenting unique challenges. Sometimes the houses show signs of vandalism, unfortunately by the former residents themselves. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for long of time.
For real estate that has changed to Real Estate Owned, you likewise will be seeking a speedy resolution . But you may want to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work called for to make the property marketable at full market value consistent with competing homes in the neighborhood, 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 unique circumstances of a bank owned home, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Homeowner Appraisal Services to handle the task of your bank owned property professionally and efficiently. Contact us today.