Foreclosure and Real Estate Owned Appraisal in Santa Cruz CountyThere are various appraisal problems involved in a house in foreclosure or one that has gone back to the bank's control. For a house in foreclosure, you might need to recognize the gap between fair market value and "quick disposition" price to know your probable charge-off liability. At , we have the experience in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency. has the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact for a company you can count on. Owners of properties in foreclosure, of course, can present particular challenges. They may be opposed to allowing an inspection of the property. Sometimes the subjects show signs of vandalism, often at the hands of the former residents. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for long of time. You will be interested in a fast disposition if the home has returned to REO. So you need to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the repairs required to make the home marketable at full market value commensurate with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO house, as well as the unique data you will need -- competing listings, market trends, and the like. You can bank on to take on the task of your REO professionally and efficiently. Contact us today. |