Quality Appraisal Solution and Services is the company you should trust when it comes to foreclosures in Ventura CountyThere are various appraisal problems involved in a house in foreclosure or one that has reverted to the institution's holding.
It's vital to differentiate the meanings of "market value" and a "quick disposition" value to know what losses you might realize when dealing with a home in foreclosure. At Quality Appraisal Solution and Services, we have the experience in both furnishing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your pressing needs.
Owners of houses in foreclosure, naturally, can present specific challenges. For example, they could be disinclined to allow the appraiser access to the house. If they abandoned the property already, they might have not taken care of the home for quite some time - or even worse, damaged the property.
For a house that has changed to REO, you most likely will be seeking a quick disposition. Regardless, you'll still want to consider three angles for figuring the value of the real estate at hand: