Abra, Inc. is experienced when it comes to bank owned properties in Northeast FloridaHomes that have gone back to the bank's possession and homes in foreclosure create special appraisal challenges.
You need to ascertain the meanings of "market value" and a "quick disposition" price to evaluate what losses you could sustain when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your urgency.
Owners of houses in foreclosure might be disinclined to allow an inspection of the house, thus presenting special challenges. They could have abandoned the house already and/or overlooked the care of the property for a long time - or unfortunately, damaged the home.
For real estate that has already gone back to bank owned, you likewise will be seeking a quick resolution. In any case, you'll still want to consider three angles for looking at the value of the real estate at hand: