REO Appraisals in Miami-Dade CountyReal Estate in foreclosure and properties that have returned to the institution's control create specific appraisal problems. You should differentiate the difference between fair market worth and "quick disposition" value to evaluate your potential charge-off liability when dealing with a home in foreclosure. The professionals at Guerra Group Valuation & Consulting, Inc. can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line. You need a company with the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact Guerra Group Valuation & Consulting, Inc. for a company you can trust. Owners of homes in foreclosure might be opposed to allowing an inspection of the house, thus presenting specific challenges. They may have abandoned the home already and/or overlooked the care of the home for a long time - or worse, ransacked the house. For a home that has already reverted to Real Estate Owned, you probably will want to get rid of it quickly . However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the work needed to make the property marketable at full market value corresponding with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned house, in addition to the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Guerra Group Valuation & Consulting, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |