Appraisals by Tom is the company you should trust when it comes to foreclosures in Orange CountyHomes that have reverted to the bank's holding and homes in foreclosure bring forth special appraisal difficulties.
When dealing with a property in foreclosure, it's important to know market value versus a "quick disposition" price to evaluate your likely charge-off liability. At Appraisals by Tom, we have the knowledge in both presenting snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that consider your time constraints.
Owners of property in foreclosure may be uncooperative to allowing an inspection of the house, thus presenting special challenges. If they deserted the home already, they may have not taken care of the home for a long time - or worse, ransacked the home.
For real estate that has changed to bank owned, you likewise will be seeking an expedited disposition. Regardless, you'll still want to consider three ways of determining the value of the subject property: