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Transbay Appraisal Service is the company you should trust when it comes to foreclosures in Alameda, Contra Costa and Solano Counties in California Houses that have gone back to the bank's holding and houses in foreclosure present particular appraisal problems.
When dealing with a property in foreclosure, it's important to know market value versus a "quick disposition" price to evaluate your probable charge-off liability. The professionals at Transbay Appraisal Service can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your pressing needs.
Occupants of properties in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting particular challenges. They could have deserted the house already and/or neglected care of the house for quite awhile - or worse, caused damage to the house.
For real estate that has returned to bank owned, you most likely will be interested in a fast resolution. In any case, you'll still want to consider three ways of figuring the value of the subject property:
- As Repaired. Value with the repairs needed to make the home marketable at full market value - commensurate with other properties in the area
- As-is. The market value of the house without any repairs done to it
- Quick sale. With minimal investment in repairs - to get rid of the property quickly, seemingly as a "fixer-upper"
Again, we understand your time line and the special situation of an REO property, as well as the specific information you will need - competing listings, neighborhood trends, and the like. You can count on Transbay Appraisal Service to handle the task of your bank owned property professionally and efficiently. Contact us today.
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