Foreclosure and Real Estate Owned Appraisal in Placer CountyHomes in foreclosure and houses that have reverted to the institution's holding bring forth special appraisal problems. For a property in foreclosure, you need to understand the difference between fair market worth and "quick disposition" price to know your potential charge-off liability. The professionals at Peterson Appraisal Group can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your urgency. Peterson Appraisal Group has the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Peterson Appraisal Group for a company you can trust. Specific challenges can be present when working with owners of property in foreclosure. They might be unwilling to allow an inspection of the home. They might have abandoned the house already and/or overlooked the care of the property for awhile - or even worse, ransacked the property. You will be interested in an expedited disposition if the home has already returned to Real Estate Owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the repairs required to make the house marketable at full market value appropriate with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific situation of a Real Estate Owned property, as well as the unique data you will need -- competing listings, neighborhood trends, and so forth. You can count on Peterson Appraisal Group to handle the appraisal of your REO with expertise and professionalism. Contact us today. |