Young Real Estate Appraisals is a company you can trust when you need appraisals for foreclosures in Riverside
Properties that have reverted to the bank's ownership and properties in foreclosure present unique appraisal challenges.
When there is a home in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" worth to evaluate your likely charge-off liability. Young Real Estate Appraisals has the training in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your timeline.
You need a company with the training to deal with the unique dynamics of a foreclosure appraisal. Contact Young Real Estate Appraisals for a company you can rely on.
Special challenges might be present when working with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the property. Often the homes have been vandalized, often at the hands of the former residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
For a home that has changed to REO, you probably will be interested in an expeditious disposition . But you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work required to make the home marketable at full market value commensurate with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO property, in addition to the unique data you will need -- competing listings, market trends, and the like. You can rely on Young Real Estate Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today.