Foreclosure and REO Appraisals in Okaloosa CountyHouses that have reverted to the financial institution's possession and properties in foreclosure bring forth special appraisal challenges.
It's vital to know the meanings of "market value" and a "quick disposition" value to know what losses you stand to sustain when dealing with a home in foreclosure. Houston Appraisal Services, Inc. has the background in both furnishing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time line.
Owners of properties in foreclosure, naturally, can present unique challenges: They could be opposed to allowing an inspection of the house. They might have moved out of the property already and/or ignored the care of the home for a long time - or worse, intentionally harmed the property.
You will be interested in a quick disposition if the home has already changed to REO. So you might want to know about and analyze three values: "as-is", "as repaired", and "quick sale". These represent: