Property Valuation Group is a company you can trust when you need appraisals for bank owned properties in Oakland
Homes that have gone back to the bank's control and houses in foreclosure create unique appraisal problems.
For a property in foreclosure, you may need to understand the difference between the fair market value and "quick disposition" value to know your probable charge-off liability. Property Valuation Group has the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.
You need a company with the expertise to work with the special dynamics of a foreclosure appraisal. Contact Property Valuation Group for a company you can count on.
Unique challenges can be present when dealing with owners of houses in foreclosure. They could be disinclined to allow an inspection of the home. Sometimes the homes show signs of vandalism, unfortunately by the residents themselves. Or, it's likely you'll discover nobody has lived in house for months or the home neglected for extended periods of time.
You will be interested in a speedy disposition if the house has returned to bank owned. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the work necessary to make the property marketable at full market value consistent with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO property, as well as the special data you'll need -- competing listings, market trends, and so forth. You can bank on Property Valuation Group to handle the task of your bank owned property with expertise and professionalism. Contact us today.