Call DMJ Appraisals to discuss valuations for Riverside foreclosures

DMJ Appraisals is the company you should trust when it comes to bank owned properties in Murrieta, California

Houses that have gone back to the financial institution's ownership and homes in foreclosure present specific appraisal problems.

For a home in foreclosure, you should know the difference between market price and a "quick disposition" assessment to know your possible charge-off liability. The professionals at DMJ Appraisals can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency.

DMJ Appraisals has the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact DMJ Appraisals for a company you can count on.

Occupants of dwellings in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting special challenges. They could have deserted the house already and/or ignored the care of the house for quite some time - or gone as far as intentionally harmed the property.

For real estate that has changed to REO, you most likely will be interested in a speedy disposition. Regardless, you'll still want to consider three ways of figuring the value of the subject property:

  • As Repaired. Value with the work due to make the house marketable at full market value - in accordance with similar homes in the neighborhood
  • As-is. The market value of the home without any repairs done to it
  • Quick sale. With minor investment in repairs - to sell the property quickly, seemingly to someone who'd rather finish the job themselves
Again, we understand your time line and the unique situation of a Real Estate Owned house, as well as the special data you'll need - competing listings, neighborhood trends, and the like. You can bank on DMJ Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.