Real Estate Owned and Foreclosure Appraisal in Caguas County
Properties that have reverted to the financial institution's possession and properties in foreclosure present various appraisal problems.
For a home in foreclosure, you need to recognize the difference between the fair market value and "quick disposition" price to know your potential charge-off liability. Appraisal Advisors Group has the training in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
You need a company with the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal Advisors Group.
Owners of homes in foreclosure, of course, can present special challenges. They may be opposed to allowing an inspection of the property. Often the homes have been ransacked, unfortunately by the residents themselves. Or, it's likely you'll find the families have moved out or the home neglected for extended periods of time.
You'll be interested in a fast disposition if the house has reverted to REO. So you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work needed to make the house marketable at full market value commensurate with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO house, as well as the specific data you will need -- competing listings, market trends, and the like. You can rely on Appraisal Advisors Group to handle the task of your REO with expertise and professionalism. Contact us today.