ASAP Appraisal Group is experienced when it comes to foreclosures in Lakeland
There are particular appraisal challenges when we're talking about a home in foreclosure or one that has gone back to the lender's ownership.
You need to recognize the difference between fair market value and "quick disposition" price to evaluate what losses you might sustain when dealing with a property in foreclosure. At ASAP Appraisal Group, we have the experience in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
We have the expertise to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact ASAP Appraisal Group.
Owners of property in foreclosure, of course, can present particular challenges. They may be uncooperative to allowing an inspection of the house. Often the houses show signs of vandalism, often by the former residents themselves. Or, it's likely you'll find nobody has occupied the house for months or the home neglected for extended periods of time.
You will be interested in a fast disposition if the property has gone back to Real Estate Owned. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs needed to make the property marketable at full market value commensurate with the other homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a Real Estate Owned home, as well as the unique data you will need -- competing listings, market trends, and the like. You can bank on ASAP Appraisal Group to handle the task of your REO with expertise and professionalism. Contact us today.