A.M. Appraisal is a company you can trust when it comes to bank owned properties in Orange
There are various appraisal difficulties when it comes to a home in foreclosure or one that has returned to the institution's holding.
When dealing with a house in foreclosure, it's important to differentiate the difference between fair market price and "quick disposition" worth to analyze your probable charge-off liability. A.M. Appraisal has the background in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your timeline.
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 count on.
Special challenges might be present when working with owners of houses in foreclosure. They could be unwilling to allow an inspection of the property. Sometimes the properties show signs of vandalism, unfortunately at the hands of the former residents themselves. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for long of time.
For real estate that has already changed to Real Estate Owned, you likewise will be going for a speedy resolution . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the work required to make the house marketable at full market value consistent 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 time line and the special circumstances of a bank owned property, as well as the special data you'll need -- competing listings, market trends, and so forth. You can count on A.M. Appraisal to take on the appraisal of your REO with expertise and professionalism. Contact us today.