REO Appraisal in Lee CountyHouses that have reverted to the financial institution's possession and properties in foreclosure bring forth various appraisal challenges.When there is a house in foreclosure, you should know market value versus a "quick disposition" price to evaluate your potential charge-off liability. Williamson Appraisals has the knowledge in both supplying snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.
Owners of properties in foreclosure, naturally, can present particular challenges. They could be disinclined to allow an inspection of the property. Sometimes the houses show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll find the previous owners have moved out or the home neglected for extended periods of time.
You'll be interested in a speedy disposition if the home has gone back to REO. So you may want to understand and analyze three values: "as-is", "as repaired", and "quick sale". These represent: |