MEF Appraisal Group is the company you should trust when you need appraisals for foreclosures in Miami-Dade CountyThere are particular appraisal problems involved in a property in foreclosure or one that has gone back to the institution's possession.
For a property in foreclosure, you should understand the gap between the market value and a "quick disposition" value to know your possible charge-off liability. At MEF Appraisal Group, we have the knowledge in both furnishing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your pressing needs.
Owners of homes in foreclosure, of course, can present particular challenges: For example, they might be unwilling to allow an inspection of the property. They might have abandoned the home already and/or neglected care of the home for quite awhile - or worse, damaged the property.
If you're dealing with a house that has already gone back to REO, you will interested in a speedy disposition. But you might want to know and compare three values: as-is, as repaired, and "quick sale". These symbolize: