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At Assure Appraisal we have been doing foreclosure appraisals for over 20 years. Everything from the "credit card" foreclosures (homes worth so little you can buy them with a credit card), to high end custom waterfront estates. Specializing in Pinellas County and Manatee County, we have all the expertise you need for multiple value types and circumstances.
Foreclosure/REO appraisal
Homes in foreclosure and homes that have reverted to your institution's ownership present special appraisal challenges. At Assure Appraisal & Real Estate Inc., we're able to help.
For a property in foreclosure, you may need to know the difference between fair market value and "quick disposition" value, to know your potential charge-off liability. At Assure Appraisal & Real Estate Inc., we have experience in both providing snapshots of fair market value for our mortgage lending and servicing clients as well as "quick sale" forecasts that understand your timeline.
For a property that has already reverted to Real Estate Owned, you will be interested in a quick disposition. But you may want to know and compare three values: As-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper." Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like.
Please browse our website to learn more about Assure Appraisal & Real Estate, Inc.
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