Call Peterson Appraisal Group to order valuations pertaining to Placer foreclosures

Foreclosure Appraisal in Placer County

There are special appraisal problems when we're talking about a property in foreclosure or one that has reverted to the bank's holding.

When there is a property in foreclosure, it's important to know market value versus a "quick disposition" value to analyze your potential charge-off liability. Peterson Appraisal Group has the experience in both providing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your pressing needs.

We have the training to work with the unique dynamics of a foreclosure appraisal. Contact Peterson Appraisal Group for a company you can trust.

Occupants of houses in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting specific challenges. They may have deserted the home already and/or ignored the care of the home for some time - or worse, intentionally harmed the home.

For real estate that has reverted to REO, you most likely will want to get rid of it quickly. Regardless, you'll still want to consider three ways of figuring the value of the subject property:

  • As Repaired. Value with the work called for to make the property marketable at full market value - comparable with other properties in the area
  • As-is. The market value of the property without any work performed
  • Quick sale. Somewhere in the middle, with minor investment in repairs - to get rid of the property quickly, probably to someone inclined to finish the job themselves
Again, we understand your urgency and the unique circumstances of a bank owned property, as well as the special information you'll need - competing listings, market trends, and so forth. You can rely on Peterson Appraisal Group to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.