Foreclosure and REO Appraisal in Riverside CountyProperties in foreclosure and properties that have gone back to the financial institution's ownership present specific appraisal challenges. When there is a house in foreclosure, you need to differentiate the difference between fair market worth and "quick disposition" value to analyze your possible charge-off liability. Good Appraisal Services, Inc. has the knowledge in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints. Good Appraisal Services, Inc. has the training to deal with the unique dynamics of a foreclosure appraisal. Contact Good Appraisal Services, Inc. for a company you can count on. Special challenges might be present when dealing with owners of property in foreclosure. 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 home for some time - or worse, ransacked the home. You'll be interested in a fast disposition if the home has already gone back to Real Estate Owned. So you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the repairs needed to make the house marketable at full market value commensurate with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned home, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Good Appraisal Services, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today. |