The Poppell Appraisal Firm, Inc. is the company you should trust when it comes to bank owned properties in Tallahassee, FloridaReal Estate in foreclosure and properties that have gone back to the institution's holding present specific appraisal difficulties.
When dealing with a property in foreclosure, it's important to understand market value versus a "quick disposition" value to know your potential charge-off liability. At The Poppell Appraisal Firm, Inc., we have the background in both producing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that consider your urgency.
Owners of homes in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting particular challenges. They may have left the house already and/or ignored 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 most likely will be seeking a fast resolution. But you might want to understand and review the definitions of "as-is", "as repaired", and "quick sale" values. These symbolize: