Foreclosure and REO Appraisal in Okaloosa CountyThere 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.
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: |