Real Estate Owned Appraisal in Los Angeles CountyProperties in foreclosure and properties that have gone back to the lender's control bring forth special appraisal difficulties. You should know the difference between fair market value and "quick disposition" value to evaluate what losses you stand to realize when dealing with a house in foreclosure. The professionals at Pacific Home Inspection & Appraisal can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line. Pacific Home Inspection & Appraisal has the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact Pacific Home Inspection & Appraisal for a company you can count on. Occupants of houses in foreclosure could be disinclined to allow an inspection of the home, thus presenting unique challenges. Often the subjects have been intentionally damaged, unfortunately by the residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for long of time. For real estate that has returned to REO, you probably will be going for a fast disposition . However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the repairs called for to make the property marketable at full market value corresponding with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned house, as well as the special information you will need -- competing listings, neighborhood trends, and the like. You can rely on Pacific Home Inspection & Appraisal to take on the appraisal of your REO with expertise and professionalism. Contact us today. |