REO Appraisals in Broward County
Properties that have returned to the bank's control and houses in foreclosure present particular appraisal problems.
For a house in foreclosure, you should recognize the difference between the fair market worth and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
We have the training to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact DANIEL I KANDEL.
Occupants of houses in foreclosure may be opposed to allowing an inspection of the property, thus presenting particular challenges. If they deserted the property already, they could have neglected care of the property for some time - or unfortunately, damaged the property.
You'll be interested in a fast disposition if the house has already changed to bank owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the work due to make the house marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific situation of an REO home, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can bank on DANIEL I KANDEL to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.