Appraisals Excel Corporation is experienced when you need appraisals for bank owned properties in Norwalk, CaliforniaHouses that have reverted to the bank's control and homes in foreclosure bring forth specific appraisal difficulties.For a home in foreclosure, you definitely need to know the difference between the market and a "quick disposition" value to know your probable charge-off liability. The professionals at Appraisals Excel Corporation can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your pressing needs.
Owners of houses in foreclosureunfortunately can present special challenges: For example, they could be opposed to allowing an inspection of the house. Sometimes the houses show signs of vandalism, often at the hands of the residents. Or, it's likely you'll find the families have moved out or the home languishing in disrepair for long periods of time.
For a home that has returned to REO, you probably will be interested in a quick disposition. But you may want to know about and review the definitions of "as-is", "as repaired", and "quick sale" values. These symbolize: |