Ruffino Appraisal Group, LLC. is a company you can trust when it comes to bank owned properties in MargateHouses that have gone back to the bank's possession and houses in foreclosure present particular appraisal problems. You should understand the difference between fair market worth and "quick disposition" worth to know what losses you stand to sustain when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints. Ruffino Appraisal Group, LLC. has the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Ruffino Appraisal Group, LLC.. Unique challenges might be present when working with owners of properties in foreclosure. They might be opposed to allowing an inspection of the property. Often the properties show signs of vandalism, unfortunately by the residents. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for long of time. You will be interested in a speedy disposition if the property has already reverted to Real Estate Owned. So you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the work called for to make the property marketable at full market value commensurate with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the special situation of an REO house, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on Ruffino Appraisal Group, LLC. to handle the task of your bank owned property professionally and efficiently. Contact us today. |