Foreclosure and REO Appraisals in Santa Clara CountyThere are unique appraisal challenges involved in a home in foreclosure or one that has returned to the bank's control. It's vital to differentiate the difference between fair market value and "quick disposition" price to evaluate your potential write-down liability when dealing with a house in foreclosure. James Wagner has the knowledge in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency. We have the experience to deal with the unique dynamics of a foreclosure appraisal. Contact James Wagner for a company you can rely on. Owners of properties in foreclosure may be unwilling to allow an inspection of the home, thus presenting special challenges. Sometimes the properties show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's common to find a house at a minimum abandoned or the home neglected for long of time. If your house has returned to Real Estate Owned, you will interested in a speedy disposition. But you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the repairs needed to make the house marketable at full market value consistent with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO house, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can count on James Wagner to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |