Call Choice Appraisals, Inc. (Owner retired to SC) when you need appraisals pertaining to Ventura foreclosures

Foreclosure and REO Appraisal in Ventura County

Homes that have gone back to the bank's possession and houses in foreclosure present specific appraisal problems.

For a property in foreclosure, you need to recognize the gap between fair market price and "quick disposition" price to know your possible charge-off liability. The professionals at Choice Appraisals, Inc. (Owner retired to SC) can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time line.

We have the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Choice Appraisals, Inc. (Owner retired to SC).

Owners of homes in foreclosure, of course, can present unique challenges. They may be disinclined to allow an inspection of the house. Often the subjects have been vandalized, unfortunately at the hands of the former residents. Or, it's common to find the residents have moved out or the home languishing in disrepair for long of time.

You will be interested in an expedited disposition if the home has already returned to bank owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the work required to make the house marketable at full market value commensurate with competing houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned home, in addition to the unique information you will need -- competing listings, market trends, and the like. You can rely on Choice Appraisals, Inc. (Owner retired to SC) to take on the task of your REO with expertise and professionalism. Contact us today.