Foreclosure and Real Estate Owned Appraisal in Orange County
Houses in foreclosure and houses that have gone back to the financial institution's control bring forth special appraisal difficulties.
For a house in foreclosure, you need to recognize the difference between fair market and "quick disposition" worth to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
You need a company with the expertise to handle the special dynamics of a foreclosure appraisal. Contact A.M. Appraisal for a company you can trust.
Owners of houses in foreclosure, of course, can present unique challenges. They may be disinclined to allow an inspection of the home. If they abandoned the property already, they could have not taken care of the property for quite some time - or unfortunately, damaged the home.
If your home has already gone back to REO, you will interested in a speedy disposition. However, you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the work needed to make the property marketable at full market value corresponding with similar properties in the area, 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 specific circumstances of a Real Estate Owned house, as well as the specific data you will need -- competing listings, market trends, and the like. You can rely on A.M. Appraisal to handle the appraisal of your REO professionally and efficiently. Contact us today.