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ASAP Appraisal Group is the company you should trust when you need appraisals for bank owned properties in Lakeland, Florida
There are special appraisal challenges when we're talking about a property in foreclosure or one that has reverted to the institution's control.
When there is a property in foreclosure, it's important to differentiate market value versus a "quick disposition" assessment to know your likely charge-off liability.
We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line.
Owners of properties in foreclosure can present special challenges: They might be uncooperative when it comes to allowing us access to the property.
They might have moved out of the home already and/or overlooked the care of the property for a long time - or gone as far as vandalized the house.
For a house that has returned to REO, you likewise will be going for a quick disposition. Regardless, you'll still want to consider three ways of determining the value of the subject property:- As Repaired. Possible market value with the repairs needed to make the house marketable at full market value - commensurate with other properties in the neighborhood
- As-is. The value of the property without any work performed
- Quick sale. Somewhere in between, with minor investment in repairs - to sell the property quickly, possibly to someone inclined to finish the job themselves
Again, we understand your urgency and the special circumstances of an REO property, as well as the unique data you'll need - competing listings, neighborhood trends, and so forth. You can bank on ASAP Appraisal Group to handle the task of your REO with expertise and professionalism. Contact us today.
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Real Estate Appraiser serving Central Florida, which includes Polk, Orange, Hillsborough, Osceola, Pasco, Pinellas and Highlands counties. Types of appraisals include: FHA, ERC, Land, Manufactured Home, Condo, Multi-Acre, Difficult/Complex and REO Appraisals.
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