Peterson Appraisal Group is experienced when it comes to foreclosures in PlacerHouses that have gone back to the institution's control and homes in foreclosure create special appraisal problems. For a home in foreclosure, you need to understand the gap between fair market and "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line. You need a company with the training to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Peterson Appraisal Group. Owners of property in foreclosure could be disinclined to allow an inspection of the house, thus presenting special challenges. They might have left the home already and/or ignored the care of the house for a long time - or gone as far as ransacked the house. For a property that has reverted to REO, you probably will want it off your hands as quickly as possible . However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the repairs necessary to make the house marketable at full market value consistent with similar 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 timeline and the special situation of a bank owned house, 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 appraisal of your REO with expertise and professionalism. Contact us today. |
