Call Peterson Appraisal Group to order valuations of Placer foreclosures

REO and Foreclosure Appraisals in Placer County

Homes in foreclosure and properties that have reverted to the financial institution's possession bring forth particular appraisal problems.

When dealing with a house in foreclosure, you need to know the difference between fair market value and "quick disposition" value to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.

Peterson Appraisal Group has the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Peterson Appraisal Group.

Special challenges can be present when dealing with owners of homes in foreclosure. They might be uncooperative to allowing an inspection of the home. They could have deserted the property already and/or overlooked the care of the property for a long time - or in some cases vandalized the property.

You'll be interested in a quick disposition if the house has gone back 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 worth of the home without any repairs done to it, with the repairs called for to make the home marketable at full market value corresponding with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special circumstances of an REO property, as well as the unique data you'll need -- competing listings, neighborhood trends, and the like. You can bank on Peterson Appraisal Group to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.