REO and Foreclosure Appraisal in Tulare County
Homes that have returned to the institution's possession and properties in foreclosure bring forth particular appraisal challenges.
For a property in foreclosure, you need to know the gap between fair market value and "quick disposition" value to know your likely charge-off liability. Savery Appraisal Services Inc. has the training in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
You need a company who has the expertise to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Savery Appraisal Services Inc..
Owners of property in foreclosure, of course, can present particular challenges. They could be opposed to allowing an inspection of the house. Often the subjects have been vandalized, unfortunately by the residents themselves. Or, it's common to discover nobody has occupied the house for months or the home neglected for extended periods of time.
You will be interested in an expeditious disposition if the house has changed to bank owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the work necessary to make the property marketable at full market value appropriate with competing real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned property, as well as the special information you'll need -- competing listings, market trends, and so forth. You can bank on Savery Appraisal Services Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.