Ardent Appraisals & Home Inspections is experienced when it comes to bank owned properties in Broward CountyThere 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.
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: |