REO Appraisal in Hillsborough CountyThere are various appraisal difficulties for a house in foreclosure or one that has returned to the financial institution's ownership. When there is a property in foreclosure, you need to understand the difference between fair market value and "quick disposition" price to evaluate your potential charge-off liability. At Tampa Bay Valuations, LLC., we have the background in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints. We have the training to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Tampa Bay Valuations, LLC.. Owners of properties in foreclosure, of course, can present special challenges. They might be uncooperative to allowing an inspection of the house. If they abandoned the home already, they might have neglected care of the property for some time - or worse, ransacked the property. For a house that has changed to REO, you likewise will be seeking a fast resolution . However, you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the repairs needed to make the house marketable at full market value comparable with competing 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 bank owned house, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can rely on Tampa Bay Valuations, LLC. to take on the appraisal of your REO professionally and efficiently. Contact us today. |