Foreclosure Appraisals in Los Angeles County
There are specific appraisal problems when it comes to a home in foreclosure or one that has returned to the bank's ownership.
It's vital to recognize the difference between fair market price and "quick disposition" value to analyze your possible charge-off liability when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
Peachtree Appraisal Inc. has the training to handle the specific dynamics of a foreclosure appraisal. Contact Peachtree Appraisal Inc. for a company you can rely on.
Owners of properties in foreclosure, of course, can present special challenges. They may be disinclined to allow an inspection of the property. If they left the property already, they might have ignored the care of the house for some time - or even worse, damaged the property.
If your home has already changed to REO, you will interested in a speedy disposition. However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the work called for to make the property marketable at full market value comparable with similar real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of an REO property, as well as the special data you'll need -- competing listings, market trends, and so forth. You can count on Peachtree Appraisal Inc. to handle the task of your REO with expertise and professionalism. Contact us today.