A.M. Appraisal is experienced when it comes to foreclosures in Mission Viejo
Properties that have returned to the institution's control and houses in foreclosure bring forth specific appraisal difficulties.
You should differentiate the difference between fair market worth and "quick disposition" value to evaluate your potential charge-off liability when dealing with a house in foreclosure. A.M. Appraisal has the knowledge in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.
You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. Contact A.M. Appraisal for a company you can count on.
Owners of property in foreclosure, of course, can present unique challenges. They may be disinclined to allow an inspection of the property. They could have abandoned the property already and/or ignored the care of the house for some time - or unfortunately, ransacked the house.
You will be interested in a speedy disposition if the house has already gone back to bank owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the repairs needed to make the house marketable at full market value appropriate with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the special circumstances of a Real Estate Owned house, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on A.M. Appraisal to handle the appraisal of your REO professionally and efficiently. Contact us today.