REO and Foreclosure Appraisal in Orange CountyProperties that have returned to the institution's holding and properties in foreclosure create unique appraisal problems. It's vital to know the difference between fair market worth and "quick disposition" price to analyze what losses you could have to endure when dealing with a home in foreclosure. At A.M. Appraisal, we have the knowledge in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline. You need a company with the experience to handle the specific dynamics of a foreclosure appraisal. Contact A.M. Appraisal for a company you can rely on. Owners of property in foreclosure, of course, can present unique challenges. They could be disinclined to allow an inspection of the property. If they moved out of the property already, they could have overlooked the care of the home for quite some time - or even worse, damaged the house. For real estate that has returned to REO, you likewise will be seeking a speedy resolution . But you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the repairs called for to make the home marketable at full market value comparable with similar houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the special circumstances of a Real Estate Owned property, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can rely on A.M. Appraisal to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |