Call Timothy Allaire to discuss appraisals of Okaloosa foreclosures

Foreclosure and REO Appraisal in Okaloosa County

There are specific appraisal difficulties regarding a home in foreclosure or one that has reverted to the lender's control.

It's vital to know the meanings of "market value" and a "quick disposition" value to analyze your probable charge-off liability when dealing with a property in foreclosure. At Timothy Allaire, we have the background in both supplying snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that factor in your timeline.

The professionals at Timothy Allaire have the experience to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Timothy Allaire.

Special challenges may be present when dealing with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the property. They may have abandoned the house already and/or overlooked the care of the house for quite awhile - or in some cases intentionally harmed the property.

If you're dealing with a house that has already gone back to bank owned, you will interested in a quick disposition. But you may want to understand and review three values: as-is, as repaired, and "quick sale". These represent:

  • The value of the property without any repairs performed
  • Value with the work due to make the property marketable at full market value - in accordance with other houses in the neighborhood
  • Somewhere in the middle, with minimal investment in repairs - to get rid of the property quickly, seemingly as a "fixer-upper"
Again, we understand your time line and the specific circumstances of an REO house, as well as the specific information you will need - competing listings, neighborhood trends, and the like. You can count on Timothy Allaire to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.