Davis Appraisal Services, Inc. is the company you should trust when you need appraisals for bank owned properties in Davis, CaliforniaThere are special appraisal difficulties when we're talking about a property in foreclosure or one that has gone back to the institution's ownership.It's vital to recognize the meanings of "market value" and a "quick disposition" value to analyze what losses you could have to endure when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
Special challenges can be present when dealing with owners of houses in foreclosure. They might be disinclined to allow an inspection of the property. Often the homes show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's likely you'll find the previous owners have moved out or the home neglected for long periods of time.
If you're dealing with a house that has already gone back to REO, you will interested in a quick disposition. However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale". These symbolize: |