Call Ardent Appraisals & Home Inspections when you need appraisals of Broward foreclosures

Ardent Appraisals & Home Inspections is experienced when it comes to bank owned properties in Broward County

There are various appraisal challenges involved in a property in foreclosure or one that has gone back to the bank's holding.

When dealing with a house in foreclosure, you should ascertain market value versus a "quick disposition" assessment to evaluate your probable charge-off liability. The professionals at Ardent Appraisals & Home Inspections can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.

You need a company with the qualifications to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Ardent Appraisals & Home Inspections.

Particular challenges can be present when working with owners of properties in foreclosure. They might be disinclined to allow an inspection of the property. They may have moved out of the home already and/or overlooked the care of the property for a long time - or even worse, caused damage to the home.

You'll be interested in an expedited disposition if the home has already returned to REO. So you need to understand and examine three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the home without any work performed
  • Value with the repairs required to make the home marketable at full market value - appropriate with competing real estate in the neighborhood
  • Somewhere in the middle, with minimal investment in repairs - to sell the property quickly, likely to someone who'd rather finish the job themselves
Again, we understand your timeline and the unique circumstances of a Real Estate Owned house, as well as the special data you will need - competing listings, neighborhood trends, and the like. You can count on Ardent Appraisals & Home Inspections to handle the task of your bank owned property professionally and efficiently. Contact us today.