REO Appraisals in Lee CountyHomes in foreclosure and properties that have gone back to the bank's ownership present unique appraisal challenges.It's vital to understand the meanings of "market value" and a "quick disposition" value to evaluate your likely write-down liability when dealing with a home in foreclosure. Hardy Appraisal Service has the experience in both supplying snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
Specific challenges can be present when dealing with owners of homes in foreclosure. They may be unwilling to allow an inspection of the property. If they moved out of the property already, they could have neglected care of the property for some time - or worse, ransacked the home.
For a property that has reverted to REO, you most likely will be interested in an expedited disposition. In any case, you'll still want to consider three angles for figuring the value of the subject property: |