Call Residential Real Estate Appraisers, Inc to order appraisals for Lee foreclosures

Foreclosure Appraisal in Lee, Collier, Miami-Dade, and Broward Counties

Homes that have gone back to the financial institution's ownership and houses in foreclosure present special appraisal difficulties.

It's important to ascertain the meanings of "market value" and a "quick disposition" assessment to evaluate your likely write-down liability when dealing with a house in foreclosure. At Residential Real Estate Appraisers, Inc, we have the experience in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that consider your urgency.

You need a company with the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Residential Real Estate Appraisers, Inc for a company you can rely on.

Special challenges might be present when working with owners of homes in foreclosure. They might be unwilling to allow an inspection of the property. They could have left the home already and/or ignored the care of the property for some time - or gone as far as vandalized the home.

You will be interested in a speedy disposition if the home has already changed to REO. So you may want to know and review three values: "as-is", "as repaired", and "quick sale". These represent:

  • The value of the home without any repairs done to it
  • Possible value with the repairs required to make the home marketable at full market value - commensurate with other homes in the area
  • With minimal investment in repairs - to offload the home quickly, likely as a "fixer-upper"
Again, we understand your time line and the specific situation of a bank owned property, in addition to the unique data you will need - competing listings, market trends, and so forth. You can bank on Residential Real Estate Appraisers, Inc to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.

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