Foreclosure Appraisal in Placer CountyProperties that have returned to the institution's holding and homes in foreclosure create specific appraisal challenges. You should differentiate the difference between fair market price and "quick disposition" value to analyze your probable write-down liability when dealing with a home in foreclosure. The professionals at Peterson Appraisal Group can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints. You need a company with the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Peterson Appraisal Group. Owners of property in foreclosure, of course, can present special challenges. They may be disinclined to allow an inspection of the home. If they abandoned the home already, they could have neglected care of the house for a long time - or even worse, damaged the house. You will be interested in a fast disposition if the home has reverted to bank owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs done to it, with the repairs required to make the home marketable at full market value consistent with competing houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the specific situation of an REO home, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Peterson Appraisal Group to take on the task of your bank owned property professionally and efficiently. Contact us today. |