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