Foreclosure and Real Estate Owned Appraisal in Placer CountyHouses in foreclosure and properties that have returned to the financial institution's possession bring forth special appraisal problems. When there is a home in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" value to evaluate your possible charge-off liability. At Peterson Appraisal Group, we have the training in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line. You need a company who has the training to handle the specific dynamics of a foreclosure appraisal. Contact Peterson Appraisal Group for a company you can rely on. Occupants of dwellings in foreclosure may be opposed to allowing an inspection of the property, thus presenting particular challenges. If they have abandoned the property already, they could have overlooked the care of the home for quite awhile - or even worse, caused damage to the property. If your home has reverted to REO, you will interested in a fast disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the work called for to make the property marketable at full market value comparable with the other homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the specific situation of a bank owned home, in addition to the special information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Peterson Appraisal Group to handle the task of your REO with expertise and professionalism. Contact us today. |