East Central Appraisals LLC is a company you can trust when it comes to bank owned properties in Winter Park
There are particular appraisal challenges when we're talking about a property in foreclosure or one that has returned to the institution's control.
When there is a house in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" price to evaluate your possible charge-off liability. East Central Appraisals LLC has the background in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line.
The professionals at East Central Appraisals LLC have the qualifications to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact East Central Appraisals LLC.
Owners of properties in foreclosure, of course, can present specific challenges. They could be uncooperative to allowing an inspection of the home. They could have left the home already and/or neglected care of the home for quite some time - or gone as far as vandalized the house.
For real estate that has already returned to Real Estate Owned, you likewise will be interested in a quick resolution . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs needed to make the home marketable at full market value commensurate with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned home, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on East Central Appraisals LLC to handle the task of your REO professionally and efficiently. Contact us today.