Real Estate Owned Appraisal in Miami-Dade CountyThere are specific appraisal problems when it comes to a home in foreclosure or one that has returned to the bank's holding. When there is a home in foreclosure, it's important to understand the difference between fair market value and "quick disposition" value to analyze your possible charge-off liability. JGI Valuations has the experience in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency. We have the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact JGI Valuations for a company you can rely on. Owners of houses in foreclosure, of course, can present unique challenges. They may be opposed to allowing an inspection of the house. Often the homes show signs of vandalism, unfortunately at the hands of the former residents. Or, it's likely you'll find the residents have moved out or the home neglected for long of time. For a house that has reverted to REO, you most likely will want it off your hands as quickly as possible . But you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the repairs called for to make the house marketable at full market value comparable with competing real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your urgency and the specific situation of an REO house, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on JGI Valuations to take on the task of your REO professionally and efficiently. Contact us today. |