REO Appraisals in Sacramento CountyThere are various appraisal challenges when we're talking about a house in foreclosure or one that has returned to the lender's holding. When dealing with a property in foreclosure, you should differentiate the difference between fair market worth and "quick disposition" value to analyze your likely charge-off liability. Bolton Appraisal Services has the experience in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line. We have the expertise to handle the special dynamics of a foreclosure appraisal. Contact Bolton Appraisal Services for a company you can rely on. Occupants of property in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting particular challenges. Often the subjects show signs of vandalism, often at the hands of the residents themselves. Or, it's common to find the residents have moved out or the home languishing in disrepair for extended periods of time. You will be interested in a quick disposition if the house has gone back to bank owned. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the repairs due to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of an REO house, as well as the specific data you will need -- competing listings, market trends, and so forth. You can bank on Bolton Appraisal Services to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |