Empire Appraisals Inc is the company you should trust when you need appraisals for bank owned properties in Broward CountyHouses in foreclosure and houses that have reverted to the financial institution's control present special appraisal difficulties.
For a home in foreclosure, you should recognize the difference between market value and a "quick disposition" to know your likely charge-off liability. At Empire Appraisals Inc, we have the training in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that factor in your timeline.
Owners of property in foreclosure, of course, can present specific challenges. They could be combative when it comes to allowing the appraiser access to the property. Sometimes the homes show signs of vandalism, unfortunately at the hands of the former residents. Or, it's common to discover nobody has occupied the house for months or the home neglected for long periods of time.
For a home that has gone back to REO, you probably will be going for a quick resolution. However, you may want to know and analyze the concepts of "as-is", "as repaired", and "quick sale" values. These represent: