Appraisal-One is a company you can trust when you need appraisals for bank owned properties in Huntington Beach
Homes in foreclosure and homes that have gone back to the financial institution's ownership bring forth special appraisal problems.
For a home in foreclosure, you need to know the difference between the fair market worth and "quick disposition" to know your likely charge-off liability. At Appraisal-One, we have the knowledge in both providing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints.
Appraisal-One has the experience to deal with the special dynamics of a foreclosure appraisal. Contact Appraisal-One for a company you can count on.
Owners of properties in foreclosure may be opposed to allowing an inspection of the property, thus presenting specific challenges. Often the homes have been ransacked, unfortunately by the former residents themselves. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
You will be interested in a speedy disposition if the home has already reverted to Real Estate Owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work due to make the property marketable at full market value comparable with competing houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your urgency and the special situation of a bank owned house, in addition to the unique data you will need -- competing listings, market trends, and the like. You can bank on Appraisal-One to take on the task of your REO professionally and efficiently. Contact us today.