Foreclosure and REO Appraisal in Santa Cruz CountyThere are various appraisal problems when it comes to a home in foreclosure or one that has gone back to the bank's ownership. It's important to ascertain the difference between fair market value and "quick disposition" worth to know your possible charge-off liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your urgency. has the qualifications to work with the special dynamics of a foreclosure appraisal. Contact for a company you can trust. Owners of property in foreclosure, of course, can present unique challenges. They may be opposed to allowing an inspection of the property. If they abandoned the house already, they might have ignored the care of the property for quite awhile - or unfortunately, damaged the house. You will be interested in a speedy disposition if the home has reverted to Real Estate Owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work due to make the home marketable at full market value corresponding with competing properties 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 time line and the specific situation of an REO house, in addition to the special data you will need -- competing listings, market trends, and the like. You can rely on to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |