Foreclosure Appraisals in Monterey County
Homes that have reverted to the bank's possession and houses in foreclosure present special appraisal difficulties.
For a home in foreclosure, you may need to understand the gap between the fair market price and "quick disposition" worth to know your possible charge-off liability. At Central Arizona Appraisers, we have the background in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
The professionals at Central Arizona Appraisers have the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Central Arizona Appraisers for a company you can rely on.
Owners of homes in foreclosure, of course, can present particular challenges. They may be uncooperative to allowing an inspection of the house. If they have abandoned the property already, they might have not taken care of the home for quite some time - or even worse, caused damage to the house.
You will be interested in a quick disposition if the property has changed to bank owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the repairs due to make the property marketable at full market value appropriate with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can count on Central Arizona Appraisers to handle the task of your bank owned property with expertise and professionalism. Contact us today.