DANIEL I KANDEL is a company you can trust when it comes to foreclosures in Broward
There are particular appraisal problems when we're talking about a house in foreclosure or one that has returned to the financial institution's ownership.
For a house in foreclosure, you may need to understand the difference between fair market value and "quick disposition" worth to know your likely charge-off liability. The professionals at DANIEL I KANDEL can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your urgency.
You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. Contact DANIEL I KANDEL for a company you can trust.
Owners of homes in foreclosure, of course, can present particular challenges. They may be opposed to allowing an inspection of the house. Often the subjects show signs of vandalism, unfortunately by the former residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for extended periods of time.
For a house that has already returned to REO, you most likely will want to get rid of it quickly . But you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs required to make the house marketable at full market value appropriate with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO property, in addition to the unique information you'll need -- competing listings, market trends, and so forth. You can rely on DANIEL I KANDEL to take on the task of your REO professionally and efficiently. Contact us today.