Real Estate Owned and Foreclosure Appraisals in Alachua CountyThere are various appraisal problems regarding a property in foreclosure or one that has returned to the institution's control. For a home in foreclosure, you should recognize the difference between the fair market worth and "quick disposition" price to know your possible charge-off liability. The professionals at Alonzo Perkins, Inc. can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline. We have the training to work with the unique dynamics of a foreclosure appraisal. Contact Alonzo Perkins, Inc. for a company you can rely on. Owners of homes in foreclosure, of course, can present special challenges. They might be opposed to allowing an inspection of the property. They might have abandoned the property already and/or ignored the care of the property for some time - or in some cases ransacked the home. You will be interested in an expeditious disposition if the property has already returned to bank owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the work due to make the property marketable at full market value appropriate with the other homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of an REO property, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Alonzo Perkins, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |