Choice Appraisals, Inc. is experienced when you need appraisals for bank owned properties in Ventura
Properties that have returned to the bank's holding and homes in foreclosure present unique appraisal difficulties.
When dealing with a home in foreclosure, you need to differentiate the difference between fair market worth and "quick disposition" worth to evaluate your probable charge-off liability. At Choice Appraisals, Inc., we have the background in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
We have the expertise to work with the specific dynamics of a foreclosure appraisal. Contact Choice Appraisals, Inc. for a company you can count on.
Particular challenges might be present when dealing with owners of properties in foreclosure. They could be disinclined to allow an inspection of the home. Sometimes the properties show signs of vandalism, unfortunately by the residents. Or, it's likely you'll find nobody has lived in house for months or the home languishing in disrepair for long of time.
You will be interested in an expeditious disposition if the property has already reverted to REO. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the work needed to make the house marketable at full market value corresponding with similar properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of an REO property, in addition to the specific information you will need -- competing listings, neighborhood trends, and so forth. You can count on Choice Appraisals, Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.