Foreclosure Appraisal in Orange County
Houses in foreclosure and properties that have gone back to the financial institution's ownership bring forth specific appraisal difficulties.
For a property in foreclosure, you should know the difference between fair market worth and "quick disposition" value to know your probable charge-off liability. CaliHaus Appraisals, Inc. has the background in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
CaliHaus Appraisals, Inc. has the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact CaliHaus Appraisals, Inc. for a company you can rely on.
Owners of properties in foreclosure, of course, can present special challenges. They could be opposed to allowing an inspection of the home. If they left the property already, they might have neglected care of the house for a long time - or even worse, damaged the property.
For a house that has changed to bank owned, you typically will want to get rid of it quickly . However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the repairs necessary to make the home marketable at full market value consistent with the other houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned property, as well as the special 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 professionally and efficiently. Contact us today.
Got a Question?
Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.