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Abandy & Associates Appraisal Services is experienced when it comes to foreclosures in Chino Hills, California
There are special appraisal difficulties for a property in foreclosure or one that has reverted to the bank's control.
For a home in foreclosure, you should know the gap between market price and a "quick disposition" value to know your likely charge-off liability.
We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
Owners of houses in foreclosure can present special challenges. They could be unwilling to allow us access to the property.
They may have abandoned the property already and/or overlooked the care of the house for a long time - or gone as far as intentionally harmed the home.
For real estate that has gone back to bank owned, you typically will want it off your hands as quickly as possible. However, you might want to understand and review three values - "as-is", "as repaired", and "quick sale". These correspond to: - The value of the home without any repairs done to it
- Value with the repairs needed to make the home marketable at full market value - commensurate with similar houses in the neighborhood
- Somewhere in the middle, with minimal investment in repairs - to sell the property quickly, possibly to someone who'd rather finish the job themselves
Again, we understand your time line and the specific situation of a bank owned house, in addition to the specific data you will need - competing listings, neighborhood trends, and so forth. You can bank on Abandy & Associates Appraisal Services to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.
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