Osborne Bay Area Appraisals, Inc. is the company you should trust when you need appraisals for bank owned properties in Saint Petersburg, FloridaProperties in foreclosure and properties that have returned to the bank's holding create specific appraisal difficulties.
For a house in foreclosure, you need to know the gap between the market value and a "quick disposition" price to know your potential charge-off liability. Osborne Bay Area Appraisals, Inc. has the experience in both furnishing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.
Owners of property in foreclosure may be opposed to allowing an inspection of the home, thus presenting particular challenges. Sometimes the houses show signs of vandalism, often by the former residents. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
If you're dealing with home that has reverted to bank owned, you will interested in a quick disposition. However, you may want to know and compare three values: as-is, as repaired, and "quick sale". These correspond to: