Foreclosure Appraisal in Duval County
Houses in foreclosure and homes that have reverted to the institution's possession create various appraisal difficulties.
When there is a property in foreclosure, you need to ascertain the difference between fair market price and "quick disposition" price to evaluate your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Personal Service Realty's Residential Valuation Group.
Occupants of dwellings in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting particular challenges. Often the houses have been vandalized, often by the residents. Or, it's common to discover nobody has occupied the house for months or the home neglected for extended periods of time.
If your property has gone back to Real Estate Owned, you will interested in an expeditious disposition. However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the work needed to make the property marketable at full market value consistent with competing homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned property, in addition to the special data you'll need -- competing listings, market trends, and the like. You can rely on Personal Service Realty's Residential Valuation Group to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.
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