ValPro Appraisal LLC is the company you should trust when it comes to bank owned properties in Lee CountyProperties in foreclosure and houses that have returned to the lender's holding bring forth unique appraisal challenges.
For a house in foreclosure, you would be wise to understand the difference between market price and a "quick disposition" assessment to know your probable charge-off liability. ValPro Appraisal LLC has the knowledge in both providing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your urgency.
Specific challenges may be present when dealing with owners of houses in foreclosure. They might be uncooperative to allowing an inspection of the property. Sometimes the houses have been intentionally damaged, often by the former residents themselves. Or, it's likely you'll discover a house at least abandoned or the home neglected for extended periods of time.
If you're dealing with home that has reverted to bank owned, you will interested in an expedited disposition. However, you might want to know and analyze three values: as-is, as repaired, and "quick sale". These represent: