A.M. Appraisal is experienced when it comes to bank owned properties in Orange
Houses that have reverted to the institution's ownership and houses in foreclosure create particular appraisal challenges.
When dealing with a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" worth to know your likely charge-off liability. At A.M. Appraisal, we have the experience in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
A.M. Appraisal has the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact A.M. Appraisal for a company you can count on.
Owners of in foreclosure could be disinclined to allow an inspection of the home, thus presenting particular challenges. Often the homes have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's common to discover the families have moved out or the home languishing in disrepair for long of time.
If your house has already reverted to bank owned, you will interested in an expeditious disposition. However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the repairs required to make the property marketable at full market value commensurate with the other homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific situation of a bank owned home, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can rely on A.M. Appraisal to handle the task of your bank owned property professionally and efficiently. Contact us today.