Foreclosure and REO Appraisal in Broward County
Houses in foreclosure and properties that have gone back to the bank's control create special appraisal problems.
For a home in foreclosure, you might need to know the difference between fair market and "quick disposition" value to know your possible charge-off liability. DANIEL I KANDEL has the experience in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
We have the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact DANIEL I KANDEL.
Particular challenges can be present when working with owners of houses in foreclosure. They may be unwilling to allow an inspection of the home. If they left the property already, they could have overlooked the care of the house for quite some time - or even worse, ransacked the home.
If your home has already reverted to Real Estate Owned, you will interested in an expeditious disposition. However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the work necessary to make the home marketable at full market value corresponding with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of an REO home, as well as the specific data you'll need -- competing listings, market trends, and the like. You can rely on DANIEL I KANDEL to handle the task of your bank owned property with expertise and professionalism. Contact us today.