Ellis Appraisal Services, Inc. is the company you should trust when it comes to bank owned properties in Apopka, FloridaProperties in foreclosure and homes that have gone back to the bank's control bring forth special appraisal difficulties.
It's important to differentiate the meanings of "market value" and a "quick disposition" value to analyze what losses you might have to endure when dealing with a property in foreclosure. The professionals at Ellis Appraisal Services, Inc. can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency.
Occupants of properties in foreclosure may be disinclined to allow an inspection of the home, thus presenting particular challenges. Sometimes the houses show signs of vandalism, unfortunately by the residents. Or, it's likely you'll find nobody has lived in house for months or the home neglected for extended periods of time.
You'll be interested in an expedited disposition if the home has returned to bank owned. So you may want to understand and compare three values: "as-is", "as repaired", and "quick sale". These represent: