Foreclosure Appraisals in Riverside County
Houses that have gone back to the bank's possession and properties in foreclosure bring forth particular appraisal challenges.
For a property in foreclosure, you might need to know the difference between the fair market price and "quick disposition" value to know your potential charge-off liability. CALI Real Estate Appraisals has the training in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your timeline.
CALI Real Estate Appraisals has the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact CALI Real Estate Appraisals.
Owners of properties in foreclosure, of course, can present special challenges. They may be uncooperative to allowing an inspection of the home. They might have abandoned the property already and/or ignored the care of the property for some time - or even worse, ransacked the property.
If your house has already returned to Real Estate Owned, you will interested in a fast disposition. However, you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the repairs due to make the property marketable at full market value commensurate with similar real estate 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 timeline and the specific situation of a bank owned house, in addition to the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can count on CALI Real Estate Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.