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Real Estate Owned Appraisal in Sacramento CountyReal Estate in foreclosure and homes that have reverted to the financial institution's ownership bring forth unique appraisal problems.
When dealing with a property in foreclosure, it's important to understand market value versus a "quick disposition" price to analyze your probable charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
Special challenges may be present when dealing with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the house. Sometimes the subjects show signs of vandalism, unfortunately by the former residents. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
For real estate that has already changed to Real Estate Owned, you probably will be going for an expedited disposition. In any case, you'll still want to consider three angles for looking at the value of the subject property: