Foreclosure and REO Appraisals in Orange CountyProperties that have returned to the institution's holding and homes in foreclosure present particular appraisal difficulties.
It's key to ascertain the meanings of "market value" and a "quick disposition" value to analyze your likely charge-off liability when dealing with a house in foreclosure. At Associate Appraisers of America, we have the experience in both supplying snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your pressing needs.
Owners of dwellings in foreclosure may be opposed to allowing an inspection of the home, thus presenting specific challenges. They may have left the house already and/or ignored the care of the home for quite some time - or even worse, vandalized the property.
You'll be interested in a speedy disposition if the house has gone back to Real Estate Owned. So you might want to know about and review three values: "as-is", "as repaired", and "quick sale". These correspond to: