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Call Osborne Bay Area Appraisals, Inc. to order appraisals for Pinellas foreclosures

Osborne Bay Area Appraisals, Inc. is the company you should trust when you need appraisals for bank owned properties in Saint Petersburg, Florida

Properties 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.

Osborne Bay Area Appraisals, Inc. has the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Osborne Bay Area Appraisals, Inc..

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:

  • The value of the home without any repairs performed
  • Possible value with the work required to make the property marketable at full market value - in accordance with similar real estate in the neighborhood
  • With minimal investment in repairs - to sell the property quickly, probably to someone inclined to finish the job themselves
Again, we understand your timeline and the special situation of a bank owned home, as well as the special information you'll need - competing listings, market trends, and so forth. You can rely on Osborne Bay Area Appraisals, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.