Call Scott Appraisal Services, Inc. when you need appraisals on Hillsborough foreclosures

Scott Appraisal Services, Inc. is experienced when it comes to foreclosures in Tampa, Florida

Homes in foreclosure and homes that have reverted to the institution's control bring forth various appraisal problems.

For a house in foreclosure, you would be wise to understand the gap between the market value and a "quick disposition" value to know your probable charge-off liability. Scott Appraisal Services, Inc. has the knowledge in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints.

We have the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Scott Appraisal Services, Inc. for a company you can rely on.

Particular challenges can be present when working with owners of homes in foreclosure. They may be opposed to allowing an inspection of the house. Sometimes the homes have been vandalized, unfortunately at the hands of the former residents. Or, it's likely you'll discover the residents have moved out or the home neglected for long periods of time.

For a house that has already reverted to bank owned, you probably will want it off your hands as quickly as possible. But you might want to know about and examine the concepts of "as-is", "as repaired", and "quick sale" values. These symbolize:

  • The value of the property without any work done to it
  • Possible value with the work called for to make the home marketable at full market value - comparable with other properties in the neighborhood
  • Somewhere in between, with minor investment in repairs - to get rid of the property quickly, seemingly to someone inclined to finish the job themselves
Again, we understand your timeline and the unique situation of a Real Estate Owned house, in addition to the specific information you will need - competing listings, neighborhood trends, and the like. You can bank on Scott Appraisal Services, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.