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Foreclosure Appraisal Services
TOP 10 HOME FORECLOSURE STATES
The top ten home real estate
foreclosure states ranked by Realty Trac out of the number of houses
scheduled for foreclosure sale in July 2007:
1. Nevada
2. Georgia
3. Michigan
4. California
5. Colorado
6. Ohio
7. Florida
8. Arizona
9. Massachusetts
10. Indiana
SOURCE:
RealtyTrac
California real estate foreclosure action
appears to dominate places with the highest projected drop in median
home prices ......
Riverside-San Bernardino County, California
Stockton, California
Merced, California
Fresno, California
Vallejo/Fairfield, California
Bakersfield, California
Sacramento, California
For real estate in foreclosure, owners, banks or mortgage lenders
need to know the difference between fair market value and "quick
disposition" value, to determine the potential equity position or
charge-off liability. No matter if the property is residential or
commercial real estate determining fair market value in a changing
market is critical to reducing standing inventory.
District Appraisals is the leading real estate
foreclosure appraisal company providing residential home,
apartment, industrial and commercial appraisal and REO foreclosure
appraisal services. As a nationwide appraisal company we provide
phased appraisal snapshots of fair market value for bank, mortgage
lending, and mortgage servicing clients as well as "quick sale"
appraisal forecasts that understand your timeline. Our real
estate foreclosure appraisal services owners, banks, foreclosure &
legal service companies, law firms, individual attorneys, home
mortgage lenders, various loan service companies, institutions that
make personal loans, CMBS lenders, banks, credit unions, and savings
banks with foreclosure appraisal services in all 50 states.
Owners of homes and property in foreclosure, of course, present
special appraiser challenges. The owner or the tenant may be
unwilling to allow an inspection of the property. If they have
abandoned the property already, they may have neglected care of the
home for some time -- or worse, caused damage. Each of our
expert foreclosure home appraiser specialists has the experience and
training to deal with the special dynamics of foreclosure appraisal,
and you should not hesitate to rely on our nationwide foreclosure
appraisal services.
For home
foreclosures for sale and properties that have already reverted to
Bank REO status (Real Estate Owned), you likewise will be interested
in an expert home appraiser that can provide a quick disposition
appraisal services. As a lender you may want to know and compare
three values: As-is, as repaired, and "quick sale." This type of
real property appraisal must be done by an experienced licensed or
certified home appraiser (foreclosure real estate specialist). The
appraisal must represent the value of the real property "As Is" and
"As if Complete" (with the required completion items necessary to
make the property marketable at full market value and commensurate
with competing properties in the area).
The proposed work could also be somewhere in-between a partial
"fixer-upper" with minimal investment in repairs. In this type of
appraisal assignment the appraiser can appraise the property "As Is"
or "As If Complete" with minimal repairs to quickly market the
property. Again, as expert foreclosure appraiser specialists we
understand your timeline and the unique circumstances of lender and
Bank REO properties, as well as the special information you'll need
-- including competing listings, market trends, days on the market
and specific market conditions. In addition, a foreclosed home for
sale that has been on the market over 90 days requires an updated
appraisal from an independent appraiser to determine a sale price as
market conditions may have changed.
Please browse our
website to learn more about our nationwide appraisal qualifications.
Our home appraiser expertise is unmatched with regards to home
foreclosures for sale. |
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Foreclosure News
News about foreclosure compiled from current news sources throughout
the US.
Neighbor Who Bought Feces-Soiled Mansion Wants Out
(AP) SADDLE RIVER,
N.J. A neighbor who bought a mansion in a foreclosure auction later
found to be littered with the feces of the more than 100 cats and
dogs living there wants out of the deal.''When...
bignewsnetwork.com
Sat, 25 Aug 2007 13:26:55 -0400
Neighbor who bought feces-soiled mansion wants out of deal
SADDLE RIVER - A
neighbor who bought a mansion in a foreclosure auction later found
to be littered with the feces of the more than 100 cats and dogs
living there wants out of the deal. ''When I bid on ...
bignewsnetwork.com
Sat, 25 Aug 2007 13:39:14 -0400
$2.6M PIG IN A POKE (New York Post)
A nightclub
investor who bought his neighbor's swank New Jersey mansion out of
foreclosure for $2.6 million - not knowing that inside it was
destroyed by feces from more than 100 cats and dogs - is suing.
Michael Acciardi got access this week to...
nypost.com
Sat, 25 Aug 2007 09:45:46 GMT
Neighbor who bought feces-soiled mansion wants out of deal
SADDLE RIVER - A
neighbor who bought a mansion in a foreclosure auction later found
to be littered with the feces of the more than 100 cats and dogs
living there wants out of the deal. ''When I bid on ...
bignewsnetwork.com
Sat, 25 Aug 2007 13:39:14 -0400
Luxury Miami Condo Conversion Is Facing Financial Trouble (New York
Times)
Miami?s Savoy Hotel
development may be facing foreclosure, leading banks to start taking
a second look at the relatively unscathed luxury housing market.
nytimes.com
Sat, 25 Aug 2007 04:11:29 GMT
Displaced by foreclosure, family finds rental home
State program,
Howard nonprofit, customers come to aid Kwaku Atta Poku, the
Columbia taxi owner who lost his family's townhouse to foreclosure
despite making every mortgage payment, is moving to a new rental
home, thanks to help from a community group using a new state
program to help them recover.
Baltimoresun.com
Sat, 25 Aug 2007 00:00:00 -0400
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Foreclosure Appraisal Experts
There is a lot to consider when
seeking a company to support your Foreclosure appraisal. You need to
place your trust in our licensed and certified and most importantly
expert foreclosure appraisers. District Appraisals is your one stop shop
for all your appraisal needs including your need for foreclosure
appraisals. With foreclosure appraisal experts available in all 50
states, District Appraisals is a leading provider of foreclosure real
estate appraisal services throughout the United States. Give us a
call today to handle your Foreclosure appraisal or better yet place your
order online right now!
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