Foreclosure and Real Estate Owned Appraisal in Orange CountyThere are special appraisal problems involved in a house in foreclosure or one that has reverted to the lender's control. For a house in foreclosure, you might need to recognize the difference between fair market worth and "quick disposition" to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline. The professionals at A.M. Appraisal have the training to deal with the unique dynamics of a foreclosure appraisal. Contact A.M. Appraisal for a company you can trust. Owners of houses in foreclosure, of course, can present particular challenges. They may be unwilling to allow an inspection of the property. They might have abandoned the property already and/or overlooked the care of the property for quite some time - or unfortunately, ransacked the house. For real estate that has reverted to REO, you likewise will be seeking a fast disposition . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs needed to make the house marketable at full market value consistent with the other homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special situation of a Real Estate Owned house, in addition to the special information you will need -- competing listings, neighborhood trends, and so forth. You can rely on A.M. Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today. |