Foreclosure and REO Appraisals in Caguas County
Properties that have returned to the financial institution's holding and homes in foreclosure present special appraisal challenges.
For a house in foreclosure, you should recognize the difference between fair market value and "quick disposition" worth to know your likely charge-off liability. Appraisal Advisors Group has the training in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
You need a company who has the expertise to deal with the special dynamics of a foreclosure appraisal. Contact Appraisal Advisors Group for a company you can trust.
Occupants of houses in foreclosure might be opposed to allowing an inspection of the home, thus presenting unique challenges. Often the houses show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for long of time.
If your house has already reverted to REO, you will interested in an expeditious disposition. However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the work necessary to make the house marketable at full market value commensurate with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of a bank owned property, in addition to the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Appraisal Advisors Group to take on the appraisal of your REO professionally and efficiently. Contact us today.