Judge Appraisal is a company you can trust when it comes to foreclosures in Southern California
Properties that have returned to the institution's holding and properties in foreclosure create various appraisal difficulties.
For a property in foreclosure, you need to understand the gap between fair market price and "quick disposition" price to know your possible charge-off liability. At Judge Appraisal, we have the experience in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
Judge Appraisal has the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Judge Appraisal for a company you can rely on.
Owners of houses in foreclosure, of course, can present special challenges. They might be uncooperative to allowing an inspection of the home. Often the properties have been vandalized, unfortunately by the former residents. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for extended periods of time.
You'll be interested in an expeditious disposition if the property has reverted to bank owned. So you might want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work needed to make the home marketable at full market value appropriate with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned home, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can bank on Judge Appraisal to handle the task of your REO with expertise and professionalism. Contact us today.