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Call Palmer Appraisals, Inc. when you need valuations on Mono foreclosures

Foreclosure and REO Appraisal in Mono County

Houses that have reverted to the bank's possession and homes in foreclosure present specific appraisal challenges.

When there is a home in foreclosure, you should understand market value versus a "quick disposition" price to analyze your probable charge-off liability. At Palmer Appraisals, Inc., we have the background in both supplying snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that consider your time constraints.

You need a company who has the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Palmer Appraisals, Inc. for a company you can .

Occupants of properties in foreclosure may be disinclined to allow an inspection of the home, thus presenting unique challenges. If they abandoned the house already, they might have ignored the care of the home for a long time - or even worse, caused damage to the house.

For real estate that has already gone back to Real Estate Owned, you most likely will be going for a quick resolution. In any case, you'll still want to consider three ways of determining the value of the real estate at hand:

  • As Repaired. Possible market value with the work needed to make the property marketable at full market value - consistent with other properties in the area
  • As-is. The market value of the property without any work done to it
  • Quick sale. Somewhere in between, with minor investment in repairs - to get rid of the property quickly, most likely as a "fixer-upper"
Again, we understand your time line and the unique circumstances of a Real Estate Owned house, as well as the special information you will need - competing listings, neighborhood trends, and so forth. You can rely on Palmer Appraisals, Inc. to take on the task of your bank owned property with expertise and professionalism. Contact us today.