A.M. Appraisal is a company you can trust when you need appraisals for foreclosures in Orange
There are special appraisal difficulties when it comes to a house in foreclosure or one that has reverted to the lender's ownership.
For a property in foreclosure, you may need to understand the difference between the fair market price and "quick disposition" to know your probable charge-off liability. A.M. Appraisal has the knowledge in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
A.M. Appraisal has the experience to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact A.M. Appraisal.
Owners of properties in foreclosure, of course, can present special challenges. They might be unwilling to allow an inspection of the property. If they abandoned the home already, they could have overlooked the care of the property for a long time - or worse, caused damage to the home.
For real estate that has already returned to bank owned, you most likely will want to get rid of it quickly . However, you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the work needed to make the home marketable at full market value comparable with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific situation of a Real Estate Owned property, in addition to the unique information you will need -- competing listings, market trends, and the like. You can rely on A.M. Appraisal to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.