A.M. Appraisal is experienced when you need appraisals for bank owned properties in Orange
Houses that have returned to the bank's holding and houses in foreclosure present special appraisal problems.
When dealing with a house in foreclosure, you need to understand the difference between fair market price and "quick disposition" price to analyze your probable charge-off liability. The professionals at A.M. Appraisal can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
You need a company who has the experience to handle the unique 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 special challenges. They may be disinclined to allow an inspection of the house. If they deserted the property already, they could have overlooked the care of the house for awhile - or even worse, caused damage to the property.
For real estate that has already returned to Real Estate Owned, you probably will be going for a speedy resolution . However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the work necessary to make the home marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned house, as well as the unique information you will need -- competing listings, market 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.