REO and Foreclosure Appraisal in Ventura County
Houses in foreclosure and houses that have reverted to the financial institution's control present particular appraisal challenges.
When there is a property in foreclosure, it's important to understand the difference between fair market price and "quick disposition" price to analyze your probable charge-off liability. At Appraisal Quest Co. (805) 469-3088, we have the background in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
You need a company who has the training to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Appraisal Quest Co. (805) 469-3088.
Owners of property in foreclosure might be opposed to allowing an inspection of the property, thus presenting specific challenges. If they left the house already, they might have overlooked the care of the property for a long time - or even worse, damaged the property.
You'll be interested in an expeditious disposition if the house has returned to REO. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the work needed to make the home marketable at full market value commensurate with the other homes 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 urgency and the unique circumstances of a Real Estate Owned home, as well as the specific information you will need -- competing listings, market trends, and so forth. You can count on Appraisal Quest Co. (805) 469-3088 to handle the task of your bank owned property with expertise and professionalism. Contact us today.