Foreclosure Appraisals in San Luis Obispo CountyHomes 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.
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): |