Foreclosure and Real Estate Owned Appraisals in Ventura County
Homes in foreclosure and houses that have reverted to the institution's possession bring forth special appraisal difficulties.
For a property in foreclosure, you should understand the gap between fair market and "quick disposition" price to know your possible charge-off liability. Choice Appraisals, Inc. has the background in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your urgency.
Choice Appraisals, Inc. has the training to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Choice Appraisals, Inc..
Special challenges can be present when dealing with owners of properties in foreclosure. They could be unwilling to allow an inspection of the property. Often the homes show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for long of time.
For real estate that has already reverted to Real Estate Owned, you typically will want it off your hands as quickly as possible . But you may want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the work needed to make the home marketable at full market value consistent with similar real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a Real Estate Owned property, as well as the specific information you will need -- competing listings, market trends, and so forth. You can bank on Choice Appraisals, Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.