Buenaventura Appraisal Company is experienced when you need appraisals for bank owned properties in Camarillo CountyThere are special appraisal challenges involved in a home in foreclosure or one that has returned to the lender's ownership.
For a home in foreclosure, you would be wise to understand the difference between market value and a "quick disposition" to know your probable charge-off liability. The professionals at Buenaventura Appraisal Company can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
Owners of homes in foreclosureunfortunately can present specific challenges. For example, they may be disinclined to allow an inspection of the home. Sometimes the properties show signs of vandalism, often at the hands of the residents. Or, it's common to find a house at least abandoned or the home languishing in disrepair for extended periods of time.
For real estate that has gone back to REO, you probably will be interested in an expeditious resolution. Regardless, you'll still want to consider three ways of looking at the value of the asset: