Young Real Estate Appraisals is experienced when it comes to foreclosures in Riverside
Houses that have returned to the bank's control and properties in foreclosure create unique appraisal challenges.
When dealing with a house in foreclosure, you should understand the difference between fair market value and "quick disposition" worth to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline.
Young Real Estate Appraisals has the training to work with the unique dynamics of a foreclosure appraisal. Contact Young Real Estate Appraisals for a company you can count on.
Occupants of houses in foreclosure may be opposed to allowing an inspection of the house, thus presenting unique challenges. They may have left the house already and/or neglected care of the property for quite some time - or unfortunately, damaged the house.
If your property has returned to REO, you will interested in a fast disposition. But you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work required to make the house marketable at full market value comparable with the other homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the special circumstances of a bank owned house, in addition to the unique information you will need -- competing listings, neighborhood trends, and the like. You can rely on Young Real Estate Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.