REO Appraisals in Osceola CountyThere are specific appraisal problems when we're talking about a property in foreclosure or one that has reverted to the institution's holding.When dealing with a house in foreclosure, you need to recognize market value versus a "quick disposition" price to know your probable charge-off liability. 1st Advantage Appraisal Services, Inc. has the training in both supplying snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints.
Owners of property in foreclosureunfortunately can present particular challenges: They could be uncooperative when it comes to allowing an inspection of the house. If they moved out of the property already, they could have neglected care of the home for a long time - or even worse, caused damage to the house.
For a home that has gone back to REO, you likewise will be interested in a quick resolution. But you might want to know and review three values - "as-is", "as repaired", and "quick sale". These represent: |