Coast Appraisers LLC is the company you should trust when you need foreclosure appraisals
Homes that have returned to the financial institution’s holding and houses in foreclosure present particular appraisal problems.
When dealing with a home in foreclosure, it’s important to understand market value versus a “quick disposition” value to analyze your likely charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, as well as “quick sale” forecasts that respect your urgency.
Special challenges can be present when dealing with owners of houses in foreclosure. They might be unwilling to allow an inspection of the house. They may have moved out of the home already and/or overlooked the care of the home for some time – or gone as far as intentionally harmed the property.
For real estate that has gone back to Real Estate Owned, you most likely will be seeking an expeditious disposition. However, you might want to understand and compare the concepts of “as-is”, “as repaired”, and “quick sale” values.
- The value of the home without any repairs performed
- Value with the work due to make the house marketable at full market value – commensurate with similar houses in the neighborhood
- Somewhere in between, with a minor investment in repairs – to offload the home quickly, likely to someone inclined to finish the job themselves