REO Appraisals in Brevard CountyHomes that have returned to the bank's possession and houses in foreclosure create unique appraisal challenges.
It's important to know the meanings of "market value" and a "quick disposition" assessment to evaluate your potential write-down liability when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your pressing needs.
Owners of property in foreclosure might be opposed to allowing an inspection of the property, thus presenting special challenges. If they abandoned the home already, they may have ignored the care of the home for quite awhile - or unfortunately, caused damage to the home.
If you're dealing with property that has returned to REO, you will interested in a speedy disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale". These symbolize: