REO and Foreclosure Appraisal in Orange County
Real Estate in foreclosure and homes that have returned to the lender's possession present special appraisal difficulties.
For a home in foreclosure, you need to recognize the difference between fair market and "quick disposition" value to know your likely charge-off liability. At A.M. Appraisal, we have the training in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company who has the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact A.M. Appraisal for a company you can rely on.
Owners of properties in foreclosure might be opposed to allowing an inspection of the property, thus presenting particular challenges. They could have left the house already and/or ignored the care of the house for quite awhile - or in some cases damaged the property.
If your home has returned to Real Estate Owned, you will interested in a quick disposition. However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the repairs necessary to make the house marketable at full market value comparable with similar houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of an REO home, as well as the special information you'll need -- competing listings, neighborhood trends, and so forth. You can count on A.M. Appraisal to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.