Foreclosure Appraisals in Orange County
Houses that have gone back to the bank's control and properties in foreclosure bring forth particular appraisal challenges.
It's important to ascertain the difference between fair market price and "quick disposition" worth to know your probable write-down liability when dealing with a home in foreclosure. Appraisal-One has the knowledge in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line.
Appraisal-One has the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Appraisal-One.
Special challenges might be present when working with owners of houses in foreclosure. They could be opposed to allowing an inspection of the home. Often the subjects show signs of vandalism, unfortunately at the hands of the former residents. Or, it's common to find nobody has occupied the house for months or the home languishing in disrepair for extended periods of time.
If your home has gone back to REO, you will interested in a quick disposition. But you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs done to it, with the work due to make the house marketable at full market value consistent with similar properties 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 unique situation of a Real Estate Owned property, as well as the specific data you will need -- competing listings, market trends, and the like. You can rely on Appraisal-One to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.