Call Action Appraisal, Inc to order appraisals pertaining to Martin foreclosures

Real Estate Owned Appraisal in Martin County

There are unique appraisal difficulties regarding a house in foreclosure or one that has returned to the bank's holding.

You need to differentiate the meanings of "market value" and a "quick disposition" value to analyze your probable write-down liability when dealing with a house in foreclosure. Action Appraisal, Inc has the experience in both presenting snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your pressing needs.

We have the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Action Appraisal, Inc.

Owners of properties in foreclosureunfortunately can present special challenges. They might be opposed to allowing an inspection of the house. Sometimes the homes have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's likely you'll find the residents have moved out or the home languishing in disrepair for long periods of time.

For real estate that has gone back to Real Estate Owned, you probably will be seeking a fast disposition. In any case, you'll still want to consider three angles for determining the value of the real estate at hand:

  • As Repaired. Value with the work called for to make the house marketable at full market value - commensurate with other properties in the neighborhood
  • As-is. The market value of the property without any repairs performed
  • Quick sale. With minimal investment in repairs - to offload the property quickly, most likely as a "fixer-upper"
Again, we understand your urgency and the unique circumstances of a bank owned house, as well as the special data you'll need - competing listings, market trends, and the like. You can count on Action Appraisal, Inc to take on the appraisal of your REO with expertise and professionalism. Contact us today.