Real Estate Owned Appraisals in Orange County
There are particular appraisal problems regarding a property in foreclosure or one that has reverted to the lender's control.
For a property in foreclosure, you may need to know the gap between fair market price and "quick disposition" price to know your likely charge-off liability. The professionals at A.M. Appraisal can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line.
A.M. Appraisal has the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact A.M. Appraisal for a company you can trust.
Particular challenges may be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the property. If they have abandoned the house already, they might have ignored the care of the property for quite some time - or worse, ransacked the property.
For a property that has already reverted to REO, you probably will want to get rid of it quickly . But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the repairs necessary to make the home marketable at full market value corresponding with similar houses in the neighborhood, 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 unique circumstances of a bank owned house, as well as the specific information you'll need -- competing listings, market trends, and so forth. You can rely on A.M. Appraisal to take on the appraisal of your REO professionally and efficiently. Contact us today.