Foreclosure and Real Estate Owned Appraisal in Pasco CountyThere are specific appraisal challenges when it comes to a property in foreclosure or one that has returned to the institution's possession.You should ascertain the meanings of "market value" and a "quick disposition" price to evaluate your probable charge-off liability when dealing with a property in foreclosure. At Robert A. Collins Appraisal Service, we have the background in both presenting snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that consider your pressing needs.
Particular challenges may be present when dealing with owners of homes in foreclosure. They may be unwilling to allow an inspection of the property. They might have abandoned the home already and/or ignored the care of the property for awhile - or even worse, vandalized the home.
For a property that has reverted to REO, you most likely will want to get rid of it quickly. Regardless, you'll still want to consider three angles for looking at the value of the subject property: |