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REO and Foreclosure Appraisals in Kern County Houses that have gone back to the institution's holding and houses in foreclosure create unique appraisal challenges.
When dealing with a property in foreclosure, it's important to know market value versus a "quick disposition" price to analyze your potential charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your urgency.
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Affiliated Appraisers has the experience to work with the unique dynamics of a foreclosure appraisal. |
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Occupants of properties in foreclosure could be unwilling to allow an inspection of the home, thus presenting unique challenges. They might have left the home already and/or neglected care of the house for some time - or worse, intentionally harmed the house.
For a property that has already returned to REO, you probably will want to get rid of it quickly. In any case, you'll still want to consider three angles for figuring the value of the real estate at hand:
- As Repaired. Value with the work due to make the home marketable at full market value - commensurate with other real estate in the area
- As-is. The value of the home without any repairs done to it
- Quick sale. Somewhere in between, with minor investment in repairs - to get rid of the property quickly, probably as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of an REO home, in addition to the special information you'll need - competing listings, neighborhood trends, and so forth. You can rely on Affiliated Appraisers to take on the task of your REO with expertise and professionalism. Contact us today.
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