Foreclosure and REO Appraisals in Orange CountyProperties in foreclosure and homes that have returned to the financial institution's ownership present special appraisal difficulties. You should recognize the difference between fair market price and "quick disposition" price to evaluate what losses you could have to endure when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your timeline. You need a company who has the experience to deal with the particular dynamics of a foreclosure appraisal. Contact OC-Appraisals Orange County, Ca Residential Appraisals for a company you can rely on. Call Sue @ 714-328-3115 Occupants of homes in foreclosure might be opposed to allowing an inspection of the property, thus presenting unique challenges. They might have deserted the house already and/or ignored the care of the home, or unfortunately the property may have been ransacked. You'll be interested in an expedited disposition if the home has already changed to Real Estate Owned. You need to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the repairs called for to make the property marketable at full market value commensurate with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned home, as well as the unique data you will need -- competing listings, market trends, and so forth. You can bank on OC-Appraisals Orange County, Ca Residential Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |