Foreclosure and Real Estate Owned Appraisals in Orange County
Properties in foreclosure and houses that have reverted to the financial institution's possession present particular appraisal challenges.
When there is a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" worth to evaluate 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 urgency.
A.M. Appraisal has the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact A.M. Appraisal.
Specific challenges might be present when working with owners of houses in foreclosure. They might be disinclined to allow an inspection of the property. They may have deserted the property already and/or overlooked the care of the property for awhile - or even worse, damaged the home.
For real estate that has already gone back to REO, you likewise will be interested in a fast resolution . But you may want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the work needed to make the home marketable at full market value appropriate with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of an REO house, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can rely on A.M. Appraisal to take on the task of your REO with expertise and professionalism. Contact us today.