Call OC Valuations to discuss appraisals on Orange foreclosures

Real Estate Owned Appraisal in Orange County

Real Estate in foreclosure and properties that have returned to the financial institution's possession present various appraisal challenges.

It's important to differentiate the meanings of "market value" and a "quick disposition" price to evaluate what losses you stand to have to endure when dealing with a property in foreclosure. The professionals at OC Valuations can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your pressing needs.

You need a company who has the expertise to handle the special dynamics of a foreclosure appraisal. Contact OC Valuations for a company you can trust.

Specific challenges can be present when dealing with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the property. They could have left the property already and/or ignored the care of the home for quite some time - or unfortunately, ransacked the property.

For real estate that has already returned to bank owned, you likewise will be seeking a quick resolution. Regardless, you'll still want to consider three ways of determining the value of the subject property:

  • As Repaired. Value with the work called for to make the home marketable at full market value - commensurate with competing houses in the area
  • As-is. The value of the house without any repairs performed
  • Quick sale. With minimal investment in repairs - to sell the home quickly, most likely to someone who'd rather finish the job themselves
Again, we understand your urgency and the specific circumstances of a bank owned house, in addition to the special data you'll need - competing listings, neighborhood trends, and the like. You can count on OC Valuations to handle the task of your bank owned property professionally and efficiently. Contact us today.