Real Estate Owned and Foreclosure Appraisals in Caguas CountyHouses in foreclosure and houses that have returned to the lender's holding bring forth particular appraisal challenges.
When there is a home in foreclosure, it's important to understand market value versus a "quick disposition" value to analyze your possible charge-off liability. At Appraisal Advisors Group, we have the training in both supplying snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your pressing needs.
Occupants of dwellings in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting specific challenges. They might have left the house already and/or overlooked the care of the property for quite awhile - or worse, vandalized the house.
For a house that has returned to bank owned, you likewise will be going for an expedited resolution. In any case, you'll still want to consider three ways of looking at the value of the subject property: