Real Estate Owned and Foreclosure Appraisal in Orange County
Properties that have returned to the institution's holding and homes in foreclosure present various appraisal problems.
For a home in foreclosure, you need to know the gap between the fair market worth and "quick disposition" to know your probable charge-off liability. At Appraisal-One, we have the background in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
The professionals at Appraisal-One have the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact Appraisal-One for a company you can count on.
Specific challenges may be present when working with owners of properties in foreclosure. They might be disinclined to allow an inspection of the home. They could have moved out of the home already and/or ignored the care of the home for awhile - or in some cases vandalized the house.
You'll be interested in a fast disposition if the house has reverted to bank owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the repairs called for to make the home marketable at full market value consistent with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO house, as well as the special information you'll need -- competing listings, market trends, and so forth. You can bank on Appraisal-One to take on the task of your REO with expertise and professionalism. Contact us today.