Appraisal-One is a company you can trust when it comes to bank owned properties in OrangeThere are unique appraisal difficulties for a property in foreclosure or one that has gone back to the institution's ownership. It's key to understand the difference between fair market worth and "quick disposition" price to analyze your possible charge-off liability when dealing with a property in foreclosure. Appraisal-One has the knowledge in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints. We have the experience to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal-One. Particular challenges can be present when dealing with owners of houses in foreclosure. They might be uncooperative to allowing an inspection of the house. Often the properties show signs of vandalism, unfortunately by the residents. Or, it's common to find the residents have moved out or the home neglected for extended periods of time. For a home that has already gone back to bank owned, you likewise will be interested in an expeditious disposition . However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work needed to make the house marketable at full market value comparable with competing homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific situation of a Real Estate Owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Appraisal-One to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |