Real Estate Owned and Foreclosure Appraisals in Orange County
Properties that have returned to the financial institution's possession and homes in foreclosure create particular appraisal challenges.
When there is a home in foreclosure, you need to recognize the difference between fair market value and "quick disposition" worth to know your likely charge-off liability. CaliHaus Appraisals, Inc. has the background in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency.
We have the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact CaliHaus Appraisals, Inc. for a company you can trust.
Unique challenges can be present when working with owners of homes in foreclosure. They may be disinclined to allow an inspection of the house. If they left the house already, they could have ignored the care of the home for a long time - or worse, damaged the home.
For a home that has already gone back to Real Estate Owned, you typically will want it off your hands as quickly as possible . However, you might want to understand and analyze 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 required to make the property marketable at full market value commensurate with competing properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the special circumstances of a bank owned property, in addition to the unique information you will need -- competing listings, market trends, and so forth. You can count on CaliHaus Appraisals, Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.
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