Call Rancho Vista Appraisals when you need appraisals on San Luis Obispo foreclosures

Foreclosure Appraisals in San Luis Obispo County

Homes in foreclosure and houses that have reverted to the lender's ownership bring forth specific appraisal problems.

It's vital to ascertain the meanings of "market value" and a "quick disposition" value to know what losses you might have to endure when dealing with a home in foreclosure. We can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.

We have the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Rancho Vista Appraisals for a company you can count on.

Owners of homes in foreclosure can present particular challenges. They could be opposed to allowing the appraiser access to the property. They may have deserted the home already and/or overlooked the care of the home for quite some time - or even worse, damaged the property.

For real estate that has returned to Real Estate Owned, you probably will be seeking an expeditious resolution. Regardless, you'll still want to consider three angles for determining the value of the asset (or in some cases, liability):

  • As Repaired. Possible market value with the work called for to make the home marketable at full market value - comparable with other houses in the area
  • As-is. The market value of the home without any work performed
  • Quick sale. Somewhere in between, with minimal investment in repairs - to get rid of the home quickly, possibly to someone inclined to finish the job themselves
Again, we understand your time line and the specific circumstances of a Real Estate Owned home, as well as the special information you'll need - competing listings, market trends, and the like. You can count on Rancho Vista Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.