Foreclosure and REO Appraisals in Orange County
Houses that have gone back to the financial institution's holding and homes in foreclosure present various appraisal problems.
You need to understand the difference between fair market worth and "quick disposition" price to know your possible write-down liability when dealing with a home in foreclosure. CaliHaus Appraisals, Inc. has the background in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line.
You need a company who has the experience to work with the special dynamics of a foreclosure appraisal. Contact CaliHaus Appraisals, Inc. for a company you can rely on.
Owners of property in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the home. If they deserted the property already, they could have not taken care of the home for quite some time - or worse, ransacked the house.
You'll be interested in a fast disposition if the house has already reverted to REO. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the repairs due to make the home marketable at full market value commensurate with competing houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO property, as well as the unique data you'll need -- competing listings, neighborhood trends, and the like. You can count on CaliHaus Appraisals, Inc. to take on the task of your REO with expertise and professionalism. Contact us today.
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