ASAP Appraisal Group is a company you can trust when it comes to bank owned properties in Polk
There are specific appraisal difficulties when it comes to a house in foreclosure or one that has reverted to the financial institution's holding.
When there is a house in foreclosure, you should understand the difference between fair market value and "quick disposition" price to know your potential charge-off liability. The professionals at ASAP Appraisal Group can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your timeline.
We have the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact ASAP Appraisal Group.
Owners of houses in foreclosure might be unwilling to allow an inspection of the property, thus presenting unique challenges. They might have left the home already and/or ignored the care of the house for awhile - or even worse, caused damage to the home.
If your house has reverted to bank owned, you will interested in a speedy disposition. But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the repairs necessary to make the house marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the unique situation of an REO property, in addition to the specific data you will need -- competing listings, market trends, and the like. You can rely on ASAP Appraisal Group to take on the appraisal of your REO with expertise and professionalism. Contact us today.