Foreclosure and REO Appraisal in Orange CountyHomes that have returned to the bank's holding and homes in foreclosure create unique appraisal challenges. When dealing with a home in foreclosure, you need to know the difference between fair market worth and "quick disposition" price to evaluate your likely charge-off liability. Marty Tehrani has the training in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints. The professionals at Marty Tehrani have the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Marty Tehrani. Occupants of in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting specific challenges. If they moved out of the property already, they may have overlooked the care of the property for a long time - or unfortunately, caused damage to the house. For a house that has already returned to REO, you typically will want it off your hands as quickly as possible . However, you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the repairs necessary to make the property marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a bank owned home, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on Marty Tehrani to handle the task of your REO with expertise and professionalism. Contact us today. |