Foreclosure Appraisals in Broward County
Houses in foreclosure and properties that have reverted to the bank's ownership bring forth various appraisal difficulties.
For a home in foreclosure, you should recognize the gap between fair market price and "quick disposition" value to know your probable charge-off liability. DANIEL I KANDEL has the training in both furnishing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your urgency.
We have the expertise to handle the specific dynamics of a foreclosure appraisal. Contact DANIEL I KANDEL for a company you can rely on.
Specific challenges might be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the property. If they deserted the property already, they might have not taken care of the house for some time - or worse, damaged the property.
If your home has gone back to Real Estate Owned, you will interested in an expedited disposition. But you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the repairs due to make the home marketable at full market value corresponding with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned property, as well as the special data you'll need -- competing listings, market trends, and so forth. You can bank on DANIEL I KANDEL to take on the task of your bank owned property with expertise and professionalism. Contact us today.