Real Estate Owned and Foreclosure Appraisal in Orange County
Properties in foreclosure and properties that have gone back to the institution's control bring forth particular appraisal difficulties.
It's key to differentiate the difference between fair market worth and "quick disposition" value to analyze what losses you could have to endure when dealing with a property in foreclosure. Property One Appraisals has the background in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
Property One Appraisals has the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Property One Appraisals.
Owners of houses in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting specific challenges. If they left the home already, they might have not taken care of the home for awhile - or unfortunately, caused damage to the property.
If your property has reverted to REO, you will interested in an expedited disposition. But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the work called for to make the home marketable at full market value consistent with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special circumstances of a bank owned home, in addition to the special data you will need -- competing listings, market trends, and the like. You can bank on Property One Appraisals to handle the task of your bank owned property with expertise and professionalism. Contact us today.