Real Estate Owned and Foreclosure Appraisal in Orange County
Properties that have gone back to the institution's holding and houses in foreclosure bring forth particular appraisal challenges.
For a house in foreclosure, you might need to know the difference between the fair market value and "quick disposition" to know your probable charge-off liability. At A.M. Appraisal, we have the knowledge in both producing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time line.
The professionals at A.M. Appraisal have the experience to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact A.M. Appraisal.
Unique challenges might be present when working with owners of houses in foreclosure. They may be disinclined to allow an inspection of the home. If they left the house already, they could have not taken care of the home for a long time - or even worse, damaged the property.
For a home that has already returned to REO, you probably will want it off your hands as quickly as possible . However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work needed to make the property marketable at full market value commensurate with similar properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special situation of an REO home, in addition to the unique information you'll need -- competing listings, market trends, and so forth. You can bank on A.M. Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today.