REO and Foreclosure Appraisal in Riverside County
Houses in foreclosure and houses that have returned to the lender's ownership create particular appraisal problems.
For a home in foreclosure, you may need to know the difference between fair market value and "quick disposition" value to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time line.
Young Real Estate Appraisals has the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Young Real Estate Appraisals.
Particular challenges can be present when dealing with owners of homes in foreclosure. They might be opposed to allowing an inspection of the house. If they deserted the home already, they might have not taken care of the property for quite some time - or even worse, damaged the home.
For real estate that has changed to bank owned, you likewise will be going for a quick resolution . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the work needed to make the home marketable at full market value commensurate with the other real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned property, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can count on Young Real Estate Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.