Appraisal Advantage, Inc is experienced when it comes to foreclosures in Orange
Homes that have reverted to the bank's ownership and homes in foreclosure bring forth various appraisal challenges.
For a property in foreclosure, you might need to know the gap between the fair market and "quick disposition" value to know your likely charge-off liability. Appraisal Advantage, Inc has the background in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints.
Appraisal Advantage, Inc has the expertise to work with the specific dynamics of a foreclosure appraisal. Contact Appraisal Advantage, Inc for a company you can count on.
Special challenges can be present when dealing with owners of property in foreclosure. They could be unwilling to allow an inspection of the property. Often the houses have been ransacked, unfortunately at the hands of the former residents themselves. Or, it's common to find the previous owners have moved out or the home neglected for extended periods of time.
You will be interested in an expeditious disposition if the home has changed to REO. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the repairs needed to make the home marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of an REO property, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Appraisal Advantage, Inc to handle the task of your bank owned property with expertise and professionalism. Contact us today.