Foreclosure Appraisals in Ventura County
Properties that have reverted to the financial institution's possession and houses in foreclosure bring forth unique appraisal problems.
When there is a property in foreclosure, you should ascertain the difference between fair market value and "quick disposition" worth to evaluate your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your timeline.
We have the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal Quest Co. (805) 469-3088.
Owners of houses in foreclosure, of course, can present particular challenges. They may be uncooperative to allowing an inspection of the property. If they abandoned the house already, they could have neglected care of the property for quite awhile - or even worse, damaged the home.
You'll be interested in a quick disposition if the property has already returned to Real Estate Owned. So you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the repairs necessary to make the home marketable at full market value commensurate with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of a Real Estate Owned home, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can count on Appraisal Quest Co. (805) 469-3088 to take on the appraisal of your REO with expertise and professionalism. Contact us today.