REO and Foreclosure Appraisals in Lee County

You need to understand the meanings of "market value" and a "quick disposition" assessment to analyze what losses you might realize when dealing with a property in foreclosure. Boardwalk Appraisal Services has the training in both supplying snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your pressing needs.

	The professionals at Boardwalk Appraisal Services have the training to handle the unique dynamics of a foreclosure appraisal. Contact Boardwalk Appraisal Services for a company you can .

Owners of property in foreclosure could be unwilling to allow an inspection of the property, thus presenting specific challenges. Sometimes the subjects have been vandalized, unfortunately by the former residents themselves. Or, it's likely you'll find the previous owners have moved out or the home languishing in disrepair for extended periods of time.

You'll be interested in an expedited disposition if the property has already changed to REO. So you may want to know and compare three values: "as-is", "as repaired", and "quick sale". These represent:

• The value of the home without any repairs done to it
• Value with the repairs necessary to make the house marketable at full market value - in accordance with other homes in the area
• Somewhere in the middle, with minimal investment in repairs - to sell the home quickly, possibly as a "fixer-upper"

M Edward Biddison, Cert Res RD5378