Call Empire Appraisals Inc to discuss valuations for Broward foreclosures

Empire Appraisals Inc is the company you should trust when you need appraisals for bank owned properties in Broward County

Houses 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.

You need a company who has the training to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Empire Appraisals Inc.

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:

  • The value of the property without any repairs done to it
  • Value with the work due to make the home marketable at full market value - consistent with similar homes in the area
  • With minor investment in repairs - to sell the property quickly, likely to someone who'd prefer to finish the job themselves
Again, we understand your time line and the specific circumstances of an REO house, as well as the special data you will need - competing listings, neighborhood trends, and so forth. You can bank on Empire Appraisals Inc to take on the appraisal of your REO professionally and efficiently. Contact us today.