Advanced Appraisal Experts is experienced when you need appraisals for bank owned properties in BronxHomes that have gone back to the financial institution's control and homes in foreclosure create particular appraisal difficulties. For a house in foreclosure, you may need to recognize the gap between fair market price and "quick disposition" value to know your probable charge-off liability. Advanced Appraisal Experts has the training in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the training to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Advanced Appraisal Experts. Occupants of in foreclosure might be unwilling to allow an inspection of the home, thus presenting particular challenges. They might have abandoned the house already and/or overlooked the care of the property for awhile - or in some cases caused damage to the house. If your property has changed to Real Estate Owned, you will interested in an expedited disposition. However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs necessary to make the home marketable at full market value consistent with competing real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned property, as well as the specific data you will need -- competing listings, market trends, and so forth. You can rely on Advanced Appraisal Experts to take on the task of your REO with expertise and professionalism. Contact us today. |