Foreclosure and REO Appraisals in Orange County
Houses in foreclosure and properties that have returned to the financial institution's ownership create unique appraisal difficulties.
When dealing with a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" value to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency.
We have the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Appraisal-One.
Occupants of homes in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting specific challenges. If they have abandoned the house already, they might have not taken care of the property for awhile - or worse, ransacked the house.
For a house that has gone back to bank owned, you probably will be seeking an expedited resolution . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the work called for to make the house marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific situation of a Real Estate Owned property, as well as the special information you will need -- competing listings, neighborhood trends, and the like. You can rely on Appraisal-One to handle the task of your bank owned property with expertise and professionalism. Contact us today.