Village Appraisal Ltd. is a company you can trust when it comes to bank owned properties in Fairfield
Properties that have reverted to the financial institution's possession and houses in foreclosure create unique appraisal problems.
For a house in foreclosure, you may need to understand the difference between fair market worth and "quick disposition" worth to know your potential charge-off liability. At Village Appraisal Ltd., we have the knowledge in both furnishing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time line.
Village Appraisal Ltd. has the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Village Appraisal Ltd..
Owners of houses in foreclosure, of course, can present particular challenges. They may be unwilling to allow an inspection of the home. If they deserted the home already, they may have ignored the care of the house for awhile - or unfortunately, damaged the home.
You will be interested in an expeditious disposition if the home has already reverted to REO. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the work necessary to make the property marketable at full market value commensurate with the other houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned home, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Village Appraisal Ltd. to handle the appraisal of your REO professionally and efficiently. Contact us today.