Real Estate Owned Appraisals in Riverside County
There are special appraisal problems regarding a home in foreclosure or one that has returned to the bank's holding.
You need to know the difference between fair market worth and "quick disposition" price to analyze your potential charge-off liability when dealing with a home in foreclosure. At JTC Valuations, we have the experience in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
We have the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact JTC Valuations.
Owners of property in foreclosure could be unwilling to allow an inspection of the house, thus presenting particular challenges. They could have abandoned the property already and/or overlooked the care of the property for quite some time - or worse, damaged the home.
You will be interested in a fast disposition if the property has reverted to bank owned. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the work required to make the property marketable at full market value appropriate with the other homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO property, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can rely on JTC Valuations to handle the task of your REO professionally and efficiently. Contact us today.