Foreclosure and Real Estate Owned Appraisal in Broward County
There are particular appraisal difficulties involved in a home in foreclosure or one that has returned to the bank's control.
It's important to recognize the difference between fair market worth and "quick disposition" price to evaluate your possible write-down liability when dealing with a house in foreclosure. The professionals at DANIEL I KANDEL can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints.
The professionals at DANIEL I KANDEL have the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact DANIEL I KANDEL for a company you can rely on.
Owners of homes in foreclosure, of course, can present specific challenges. They might be unwilling to allow an inspection of the house. Often the homes show signs of vandalism, often at the hands of the former residents. Or, it's common to find nobody has occupied the house for months or the home neglected for extended periods of time.
You will be interested in a fast disposition if the property has already gone back to Real Estate Owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the work called for to make the house marketable at full market value corresponding with competing houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific situation of a Real Estate Owned home, in addition to the unique data you'll need -- competing listings, neighborhood trends, and the like. You can bank on DANIEL I KANDEL to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.