Appraisal House, Inc. is experienced when it comes to foreclosures in Okaloosa
Houses that have returned to the institution's ownership and homes in foreclosure present various appraisal challenges.
When there is a property in foreclosure, it's important to understand the difference between fair market value and "quick disposition" value to analyze your probable charge-off liability. The professionals at Appraisal House, Inc. can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
Appraisal House, Inc. has the expertise to work with the unique dynamics of a foreclosure appraisal. Contact Appraisal House, Inc. for a company you can trust.
Unique challenges can be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the house. They might have abandoned the home already and/or overlooked the care of the house for quite some time - or gone as far as intentionally harmed the property.
You will be interested in a quick disposition if the property has already reverted to Real Estate Owned. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the work required to make the house marketable at full market value commensurate with competing houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned property, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Appraisal House, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.