Call Option One Appraisal Services when you need appraisals for Orange foreclosures

REO Appraisals in Orange County

There are special appraisal difficulties when we're talking about a home in foreclosure or one that has returned to the lender's control.

For a home in foreclosure, you definitely need to know the gap between the market and a "quick disposition" value to know your likely charge-off liability. Option One Appraisal Services has the background in both furnishing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.

Option One Appraisal Services has the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Option One Appraisal Services for a company you can rely on.

Owners of homes in foreclosure, of course, can present particular challenges. For example, they could be disinclined to allow us access to the property. Often the houses have been vandalized, unfortunately at the hands of the residents themselves. Or, it's common to find the previous owners have moved out or the home neglected for long periods of time.

You'll be interested in an expedited disposition if the house has changed to bank owned. So you might want to know about and compare three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the home without any repairs performed
  • Value with the repairs required to make the home marketable at full market value - in accordance with competing houses in the area
  • With minor investment in repairs - to sell the home quickly, seemingly as a "fixer-upper"
Again, we understand your time line and the unique situation of a bank owned home, in addition to the specific data you will need - competing listings, market trends, and so forth. You can count on Option One Appraisal Services to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.