Maryann Ostolaza Appraisal Services, Inc. is experienced when you need appraisals for foreclosures in Naples, FloridaThere are unique appraisal difficulties involved in a property in foreclosure or one that has reverted to the institution's holding.
It's vital to know the meanings of "market value" and a "quick disposition" assessment to know what losses you might realize when dealing with a home in foreclosure. At Maryann Ostolaza Appraisal Services, Inc., we have the background in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that consider your timeline.
Particular challenges might be present when working with owners of homes in foreclosure. They may be disinclined to allow an inspection of the home. If they abandoned the house already, they might have neglected care of the home for quite awhile - or unfortunately, damaged the property.
If you're dealing with property that has changed to REO, you will interested in a quick disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale". These represent: