Foreclosure and Real Estate Owned Appraisal in Orange County
Houses that have gone back to the institution's holding and houses in foreclosure create specific appraisal challenges.
It's vital to recognize the difference between fair market price and "quick disposition" price to know your probable charge-off liability when dealing with a home in foreclosure. The professionals at Appraisal-One can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your time constraints.
You need a company with the experience to handle the unique dynamics of a foreclosure appraisal. Contact Appraisal-One for a company you can trust.
Owners of property in foreclosure, of course, can present particular challenges. They might be opposed to allowing an inspection of the home. If they abandoned the house already, they might have neglected care of the property for quite some time - or unfortunately, damaged the house.
If your home has already changed to Real Estate Owned, you will interested in a fast disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the repairs needed to make the home marketable at full market value comparable with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special circumstances of a Real Estate Owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Appraisal-One to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.