Jennifer Heath, SRA, AI-RRS is experienced when you need appraisals for foreclosures in Santa BarbaraHomes in foreclosure and houses that have returned to the financial institution's ownership bring forth various appraisal challenges. For a house in foreclosure, you might need to recognize the difference between the fair market value and "quick disposition" value to know your probable charge-off liability. Jennifer Heath, SRA, AI-RRS has the training in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline. We have the experience to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Jennifer Heath, SRA, AI-RRS. Special challenges may be present when dealing with owners of property in foreclosure. They could be unwilling to allow an inspection of the home. Sometimes the properties have been vandalized, unfortunately by the former residents themselves. Or, it's common to find the residents have moved out or the home neglected for extended periods of time. If your property has gone back to Real Estate Owned, you will interested in a fast disposition. However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the repairs called for to make the house marketable at full market value comparable with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the special situation of a bank owned home, as well as the unique information you'll need -- competing listings, market trends, and so forth. You can bank on Jennifer Heath, SRA, AI-RRS to handle the task of your REO professionally and efficiently. Contact us today. |