Appraisal Advisors Group is experienced when you need appraisals for foreclosures in Caguas
Houses that have gone back to the bank's control and houses in foreclosure present special appraisal challenges.
When dealing with a property in foreclosure, you need to ascertain the difference between fair market worth and "quick disposition" worth to analyze your probable charge-off liability. Appraisal Advisors Group has the knowledge in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.
You need a company who has the training to deal with the unique dynamics of a foreclosure appraisal. Contact Appraisal Advisors Group for a company you can trust.
Owners of properties in foreclosure, of course, can present specific challenges. They could be disinclined to allow an inspection of the house. They might have deserted the property already and/or overlooked the care of the home for quite some time - or gone as far as vandalized the home.
You will be interested in a quick disposition if the house has already reverted to bank owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs required to make the house marketable at full market value corresponding with similar properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of an REO home, as well as the specific data you will need -- competing listings, neighborhood trends, and the like. You can bank on Appraisal Advisors Group to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.