Real Estate Owned Appraisals in Orange County
Properties in foreclosure and homes that have reverted to the lender's holding create unique appraisal challenges.
It's key to recognize the difference between fair market worth and "quick disposition" value to evaluate what losses you might sustain when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints.
Appraisal-One has the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Appraisal-One.
Unique challenges can be present when dealing with owners of property in foreclosure. They might be disinclined to allow an inspection of the house. They could have abandoned the house already and/or ignored the care of the property for quite awhile - or in some cases damaged the house.
For real estate that has already reverted to bank owned, you most likely will want to get rid of it quickly . However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the repairs called for to make the property marketable at full market value appropriate with the other real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the special situation of an REO home, as well as the special data you will need -- competing listings, market trends, and so forth. You can bank on Appraisal-One to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.