CaliHaus Appraisals, Inc. is experienced when you need appraisals for bank owned properties in Orange
There are various appraisal challenges involved in a property in foreclosure or one that has gone back to the institution's ownership.
When there is a home in foreclosure, you need to ascertain the difference between fair market worth and "quick disposition" worth to analyze your probable charge-off liability. The professionals at CaliHaus Appraisals, Inc. can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
You need a company with the expertise to deal with the special dynamics of a foreclosure appraisal. Contact CaliHaus Appraisals, Inc. for a company you can count on.
Specific challenges might be present when working with owners of houses in foreclosure. They might be uncooperative to allowing an inspection of the property. Often the properties have been ransacked, often at the hands of the former residents. Or, it's common to discover a house at a minimum abandoned or the home languishing in disrepair for long of time.
You'll be interested in an expedited disposition if the home has already returned to REO. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the work necessary to make the property marketable at full market value commensurate with the other houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned property, in addition to the specific data you will need -- competing listings, market trends, and the like. You can count on CaliHaus Appraisals, Inc. to take on the task of your REO professionally and efficiently. Contact us today.
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