Call Verschelden Appraisals to discuss appraisals on Stanislaus foreclosures

Real Estate Owned and Foreclosure Appraisals in Stanislaus County

Properties that have returned to the bank's ownership and properties in foreclosure bring forth various appraisal challenges.

For a house in foreclosure, you should recognize the difference between market and a "quick disposition" value to know your potential charge-off liability. Verschelden Appraisals has the experience in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.

You need a company with the expertise to work with the specific dynamics of a foreclosure appraisal. Contact Verschelden Appraisals for a company you can trust.

Particular challenges can be present when working with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the property. They may have deserted the property already and/or ignored the care of the house for some time - or worse, ransacked the property.

If you're dealing with home that has reverted to Real Estate Owned, you will interested in a quick disposition. But you might want to understand and review three values: as-is, as repaired, and "quick sale". These represent:

  • The value of the property without any repairs performed
  • Possible value with the work due to make the home marketable at full market value - appropriate with other houses in the area
  • Somewhere in the middle, with minimal investment in repairs - to get rid of the property quickly, possibly to someone who'd prefer to finish the job themselves
Again, we understand your urgency and the specific situation of a Real Estate Owned house, in addition to the specific information you will need - competing listings, market trends, and the like. You can count on Verschelden Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.