Real Estate Owned and Foreclosure Appraisal in Santa Cruz CountyHomes that have gone back to the financial institution's holding and homes in foreclosure bring forth various appraisal problems. When dealing with a house in foreclosure, you need to recognize the difference between fair market value and "quick disposition" price to evaluate your possible charge-off liability. has the knowledge in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline. You need a company who has the training to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact . Owners of houses in foreclosure, of course, can present particular challenges. They may be opposed to allowing an inspection of the house. They may have deserted the home already and/or ignored the care of the property for awhile - or worse, ransacked the home. For a property that has changed to Real Estate Owned, you probably will want to get rid of it quickly . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the repairs due to make the home marketable at full market value appropriate with similar real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the unique situation of an REO house, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can count on to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |