REO and Foreclosure Appraisals in Caguas County
Properties in foreclosure and homes that have gone back to the lender's ownership present special appraisal difficulties.
When there is a home in foreclosure, you need to differentiate the difference between fair market value and "quick disposition" value to analyze your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
You need a company with the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal Advisors Group.
Specific challenges might be present when working with owners of properties in foreclosure. They might be unwilling to allow an inspection of the home. Often the houses show signs of vandalism, often at the hands of the residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home neglected for extended periods of time.
You'll be interested in a fast disposition if the property has already changed to Real Estate Owned. So you need to know and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the work called for to make the house marketable at full market value consistent with similar houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the special circumstances of a Real Estate Owned property, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can bank on Appraisal Advisors Group to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.