Foreclosure and Real Estate Owned Appraisals in Ventura CountyHomes that have reverted to the bank's ownership and houses in foreclosure create special appraisal challenges. It's key to know the difference between fair market price and "quick disposition" worth to know your likely write-down liability when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line. We have the experience to handle the special dynamics of a foreclosure appraisal. Contact Appraisal Quest Co. (805) 469-3088 for a company you can rely on. Unique challenges may be present when dealing with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the property. They could have moved out of the property already and/or overlooked the care of the property for awhile - or unfortunately, ransacked the house. You'll be interested in an expedited disposition if the property has gone back to REO. So you need to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the repairs called for to make the house marketable at full market value comparable with competing real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of an REO home, in addition to the unique information you will need -- competing listings, neighborhood trends, and the like. You can rely on Appraisal Quest Co. (805) 469-3088 to handle the task of your REO professionally and efficiently. Contact us today. |