Real Estate Owned Appraisal in Orange CountyReal 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.
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: |