Foreclosure and REO Appraisal in Orange County
There are unique appraisal challenges regarding a property in foreclosure or one that has gone back to the lender's holding.
When dealing with a home in foreclosure, it's important to understand the difference between fair market value and "quick disposition" price to evaluate your likely charge-off liability. At CaliHaus Appraisals, Inc., we have the experience in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.
We have the expertise to deal with the special dynamics of a foreclosure appraisal. Contact CaliHaus Appraisals, Inc. for a company you can count on.
Special challenges may be present when working with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the property. If they left the home already, they may have overlooked the care of the property for a long time - or even worse, caused damage to the house.
If your home has changed to REO, you will interested in a fast disposition. But you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the work needed to make the property marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific situation of an REO property, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can count on CaliHaus Appraisals, Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.
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