Choice Appraisals, Inc. is experienced when it comes to bank owned properties in Newbury Park
There are particular appraisal difficulties when we're talking about a home in foreclosure or one that has reverted to the bank's possession.
When dealing with a house in foreclosure, it's important to know the difference between fair market worth and "quick disposition" worth to analyze your possible charge-off liability. Choice Appraisals, Inc. has the background in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your timeline.
Choice Appraisals, Inc. has the expertise to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Choice Appraisals, Inc..
Owners of property in foreclosure, of course, can present specific challenges. They might be unwilling to allow an inspection of the property. If they moved out of the home already, they could have not taken care of the property for some time - or even worse, caused damage to the home.
If your property has returned to Real Estate Owned, you will interested in a speedy disposition. But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the work needed to make the home marketable at full market value comparable with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of an REO home, as well as the unique information you will need -- competing listings, market trends, and the like. You can rely on Choice Appraisals, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.