Appraisal-One is a company you can trust when you need appraisals for bank owned properties in Huntington Beach
There are specific appraisal problems when we're talking about a house in foreclosure or one that has gone back to the lender's holding.
For a home in foreclosure, you need to recognize the gap between fair market and "quick disposition" value to know your potential charge-off liability. Appraisal-One has the experience in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your urgency.
You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. Contact Appraisal-One for a company you can count on.
Owners of houses in foreclosure, of course, can present unique challenges. They could be opposed to allowing an inspection of the home. If they left the home already, they could have neglected care of the house for quite awhile - or worse, ransacked the home.
You'll be interested in a speedy disposition if the house has returned to Real Estate Owned. So you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs needed to make the house marketable at full market value appropriate with competing real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO property, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Appraisal-One to take on the task of your REO with expertise and professionalism. Contact us today.