REO Appraisal in Orange CountyHouses in foreclosure and properties that have returned to the bank's control create unique appraisal challenges. It's important to know the difference between fair market price and "quick disposition" value to evaluate your likely write-down liability when dealing with a home in foreclosure. A.M. Appraisal has the background in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints. We have the training to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact A.M. Appraisal. Particular challenges can be present when working with owners of houses in foreclosure. They could be unwilling to allow an inspection of the property. Often the houses have been intentionally damaged, often at the hands of the residents. Or, it's common to find the families have moved out or the home languishing in disrepair for extended periods of time. For a home that has already reverted to REO, you likewise will be seeking an expeditious resolution . However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the work required to make the house marketable at full market value consistent with similar properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special situation of a Real Estate Owned home, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on A.M. Appraisal to take on the task of your bank owned property professionally and efficiently. Contact us today. |