REO and Foreclosure Appraisals in Riverside CountyHomes that have reverted to the institution's control and houses in foreclosure bring forth various appraisal difficulties. When dealing with a house in foreclosure, you need to know the difference between fair market price and "quick disposition" price to evaluate your probable charge-off liability. At Young Real Estate Appraisals, we have the experience in both furnishing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline. You need a company with the training to work with the specific dynamics of a foreclosure appraisal. Contact Young Real Estate Appraisals for a company you can trust. Owners of houses in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the property. They may have moved out of the property already and/or ignored the care of the home for some time - or even worse, intentionally harmed the property. For a house that has already gone back to REO, you likewise will be seeking an expeditious resolution . But you might want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the work needed to make the property marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of an REO home, in addition to the special information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Young Real Estate Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |