Foreclosure and Real Estate Owned Appraisal in Ventura CountyProperties that have returned to the financial institution's control and homes in foreclosure present particular appraisal problems. For a property in foreclosure, you should know the gap between the fair market worth and "quick disposition" value to know your probable charge-off liability. Appraisal Quest Co. (805) 469-3088 has the knowledge in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line. The professionals at Appraisal Quest Co. (805) 469-3088 have the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraisal Quest Co. (805) 469-3088. Occupants of properties in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting special challenges. Often the houses have been intentionally damaged, often by the residents themselves. Or, it's common to find nobody has lived in house for months or the home languishing in disrepair for extended periods of time. You will be interested in a quick disposition if the property has already reverted to REO. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs done to it, with the work needed to make the property marketable at full market value comparable with similar homes in the area, and, somewhere in the middle, with minor 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'll need -- competing listings, neighborhood trends, and so forth. You can rely on Appraisal Quest Co. (805) 469-3088 to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |