REO Appraisals in Riverside County
Real Estate in foreclosure and houses that have reverted to the bank's holding bring forth various appraisal difficulties.
When dealing with a home in foreclosure, it's important to know the difference between fair market worth and "quick disposition" value to evaluate your potential charge-off liability. The professionals at Young Real Estate Appraisals can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line.
You need a company with the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Young Real Estate Appraisals for a company you can trust.
Occupants of properties in foreclosure could be unwilling to allow an inspection of the house, thus presenting unique challenges. If they left the home already, they might have neglected care of the home for a long time - or unfortunately, caused damage to the property.
You'll be interested in an expeditious disposition if the property has returned to Real Estate Owned. So you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the repairs required to make the home marketable at full market value commensurate with the other real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO house, as well as the special data you'll need -- competing listings, market trends, and so forth. You can bank on Young Real Estate Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today.