REO Appraisals in Brevard CountyHouses that have returned to the bank's ownership and houses in foreclosure bring forth various appraisal challenges.It's vital to differentiate the meanings of "market value" and a "quick disposition" assessment to analyze your potential write-down liability when dealing with a home in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
Owners of houses in foreclosure can present unique challenges. For example, they might be combative when it comes to allowing an inspection of the house. They could have moved out of the house already and/or neglected care of the home for a long time - or gone as far as caused damage to the home.
For real estate that has reverted to Real Estate Owned, you likewise will be seeking a speedy resolution. Regardless, you'll still want to consider three angles for figuring the value of the subject property: |