Real Estate Owned and Foreclosure Appraisals in Kern CountyHomes that have reverted to the bank's ownership and homes in foreclosure create special appraisal problems. You need to differentiate the difference between fair market value and "quick disposition" worth to evaluate your likely write-down liability when dealing with a home in foreclosure. The professionals at Childress and Associates can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time constraints. We have the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Childress and Associates. Special challenges might be present when working with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the home. They could have abandoned the house already and/or ignored the care of the home for a long time - or even worse, caused damage to the property. You'll be interested in a quick disposition if the house has already changed to REO. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs performed, with the work required to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique situation of a Real Estate Owned house, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can bank on Childress and Associates to handle the task of your bank owned property professionally and efficiently. Contact us today. |