ADK Appraisal Services is experienced when you need appraisals for bank owned properties in the Metro Orlando areaHomes that have gone back to the financial institution's control and homes in foreclosure bring forth unique appraisal challenges.For a property in foreclosure, you need to know the gap between market value and a "quick disposition" value to know your potential charge-off liability. ADK Appraisal Services has the knowledge in both presenting snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time constraints.
Special challenges may be present when dealing with owners of properties in foreclosure. They may be unwilling to allow an inspection of the property. They might have abandoned the house already and/or overlooked the care of the property for quite awhile - or gone as far as caused damage to the house.
For real estate that has gone back to REO, you probably will be interested in a speedy disposition. Regardless, you'll still want to consider three ways of figuring the value of the subject property:
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