Foreclosure and Real Estate Owned Appraisals in Northeast Florida 

 You should ascertain the meanings of "market value" and a "quick disposition" price to know your possible write-down liability when dealing with a property in foreclosure. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your pressing needs.

	You need a company with the experience to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Murphy Appraisal.

Owners of homes in foreclosure, naturally, can present special challenges: They could be disinclined to allow an inspection of the house. Often the homes have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home languishing in disrepair for long periods of time.

If you're dealing with home that has reverted to REO, you will interested in a fast disposition. But you might want to understand and examine three values: as-is, as repaired, and "quick sale". These correspond to:

• The value of the property without any work done to it
• Value with the repairs due to make the property marketable at full market value - consistent with other properties in the area
• Somewhere in between, with minimal investment in repairs - to get rid of the home quickly, most likely as a "fixer-upper"