Peterson Appraisal Group is a company you can trust when it comes to foreclosures in Placer
Properties in foreclosure and properties that have gone back to the bank's ownership present particular appraisal difficulties.
For a house in foreclosure, you might need to recognize the difference between fair market and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
You need a company who has the training to handle the special dynamics of a foreclosure appraisal. Contact Peterson Appraisal Group for a company you can trust.
Specific challenges may be present when dealing with owners of homes in foreclosure. They could be disinclined to allow an inspection of the home. They might have left the house already and/or neglected care of the house for some time - or even worse, caused damage to the home.
For real estate that has already returned to bank owned, you most likely will want it off your hands as quickly as possible . But you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work needed to make the property marketable at full market value consistent with competing houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned house, in addition to the special information you will need -- competing listings, market trends, and the like. You can rely on Peterson Appraisal Group to take on the task of your REO professionally and efficiently. Contact us today.