Call Classic Valuations, Inc. when you need appraisals pertaining to Orange foreclosures

Classic Valuations, Inc. is experienced when it comes to bank owned properties in Orange County

There are various appraisal problems when we're talking about a home in foreclosure or one that has reverted to the financial institution's ownership.

For a house in foreclosure, you need to know the gap between the market price and a "quick disposition" assessment to know your probable charge-off liability. At Classic Valuations, Inc., we have the knowledge in both furnishing snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that understand your time constraints.

You need a company who has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Classic Valuations, Inc. for a company you can rely on.

Owners of homes in foreclosure can present particular challenges. For example, they could be unwilling to allow the appraiser access to the home. They may have deserted the house already and/or overlooked the care of the house for quite awhile - or unfortunately, vandalized the house.

For real estate that has already reverted to Real Estate Owned, you likewise will be seeking a quick resolution. In any case, you'll still want to consider three angles for looking at the value of the subject property:

  • As Repaired. Value with the repairs necessary to make the property marketable at full market value - commensurate with other real estate in the area
  • As-is. The market value of the property without any work performed
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to sell the home quickly, seemingly as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of a Real Estate Owned home, as well as the unique information you'll need - competing listings, market trends, and the like. You can count on Classic Valuations, Inc. to take on the task of your REO professionally and efficiently. Contact us today.