Real Estate Owned Appraisals in San Bernardino CountyThere are specific appraisal difficulties regarding a home in foreclosure or one that has reverted to the bank's control. When there is a property in foreclosure, you need to recognize the difference between fair market price and "quick disposition" value to know your possible charge-off liability. At , we have the background in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline. We have the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact . Occupants of dwellings in foreclosure may be unwilling to allow an inspection of the house, thus presenting particular challenges. If they have abandoned the property already, they could have overlooked the care of the house for a long time - or unfortunately, ransacked the property. You'll be interested in a fast disposition if the property has gone back to Real Estate Owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the work due to make the house marketable at full market value corresponding with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of an REO house, as well as the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on to take on the task of your REO professionally and efficiently. Contact us today. |