A.M. Appraisal is experienced when it comes to foreclosures in Orange
Houses in foreclosure and properties that have returned to the financial institution's ownership bring forth specific appraisal difficulties.
For a house in foreclosure, you might need to know the difference between fair market value and "quick disposition" worth to know your likely charge-off liability. A.M. Appraisal has the training in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.
A.M. Appraisal 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 homes in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the house. If they deserted the house already, they might have not taken care of the home for quite some time - or worse, caused damage to the house.
You'll be interested in an expeditious disposition if the home has already gone back to Real Estate Owned. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the repairs required to make the home marketable at full market value appropriate with competing houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned property, as well as the special information you'll need -- competing listings, market trends, and so forth. You can count on A.M. Appraisal to handle the appraisal of your REO with expertise and professionalism. Contact us today.