Foreclosure Appraiser | REO Real Estate Appraisal Service

Warren K. Hoppke, SRPA           Robert Nord, MAI   
Appraisal Institute Member         Appraisal Institute Member

Appraisals of Bank Owned REO property - California Office of Real Estate Appraisers State Certified
Pre-foreclosure Real Estate Appraisals
Orange County | Los Angeles | San Diego | Riverside | San Bernardino

We are a leading California foreclosure appraiser for REO California real estate including, home, industrial and commercial real estate. Our company provides REO appraisal services for residential homes, luxury home estates, mansions, apartment, shopping centers, industrial real estate, and commercial real estate throughout Orange County, Los Angeles, Riverside, San Bernardino, Ventura, and San Diego. 

Our California appraisal professionals provide phased snapshots of fair market value for banks, mortgage lenders, and mortgage servicing clients as well as "quick sale" forecasts that understand your timeline. Our home foreclosure appraisal services is for owners in default, bank REO real estate owned, real estate foreclosures, mortgage services, mortgage lenders, HUD homes, FHA foreclosures & legal service companies, law firms, individual real estate attorneys, home mortgage lenders, various loan service companies, institutions that make personal loans, commercial CMBS lenders, banks, credit unions, and savings banks.

Residential, industrial, and commercial real estate foreclosure appraisal services for bank owned REO real estate. 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 real property is residential, industrial, or commercial real property, determining fair market value in a changing market is critical to reducing standing inventory of REO real estate. That's why a current up to date appraisal is absolutely necessary in this challenging market.   

REO real estate foreclosure property, whether is be residential, commercial or industrial real estate, of course, presents special 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 property for some time -- or worse, caused damage. Each of our expert foreclosure REO real estate specialists has the experience and training to deal with the special dynamics of a due diligence inspection and qualitative risk assessment of industrial and commercial real estate in foreclosure.

Qualitative risk assessment focuses on residential, commercial, and industrial property characteristics and the current level of competitiveness in the market place. Cataloging property characteristics typically includes locational analysis, identifying construction quality, design amenities, condition of the improvements, identification of deferred maintenance items, physical occupancy, leasing activity, tenant quality, rent schedules, vacant space, in place and prospective tenant improvement analysis, operating income and expense data, and an overall rating of  property management diligence is observed and obtained. Interviews with the owner or property management representatives are made and review of all leases, rent rolls, and operating statements for the past 3 years are examined to determine historical property management performance. Commercial and industrial inspection reports are prepared on the CMSA / MBA standard inspection report format.

For home foreclosures for sale and bank foreclosure real estate that have already reverted to Bank REO (Real Estate Owned) status, you likewise will be interested in an expert foreclosure specialist that can provide expert witness and 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 estate Bank REO's service must be done by an experienced licensed or certified home or commercial real estate appraiser familiar with bank REO foreclosure real estate.  As a Member of the Appraisal Institute Warren K. Hoppke, SRPA or Robert Nord, MAI are experienced appraisers in REO real estate. 

An REO 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 real estate appraisal assignment the appraiser can appraise the property "As Is" or "As If Complete" with minimal repairs to quickly market the real estate. Again, as expert bank REO real estate foreclosure specialist we understand your timeline and the unique circumstances of lender and Bank REO real estate, as well as the special information you'll need -- including competing listings, market trends, days on the market and specific market conditions. In addition, foreclosed homes that have been on the market for over 90 days require an updated valuation from an independent REO real estate company to determine a current sales price as real estate market conditions may have changed.  

Please browse our website to learn more about each of our California appraisers qualifications and our banked owned REO real estate and appraisal expertise in residential, commercial and industrial real estate. We provide California appraisal services throughout the Southern California five county service area including Los Angeles real estate, Orange County real estate, Riverside real estate, San Bernardino real estate, or San Diego real estate.  

Bank Real Estate Appraiser Apartment Appraiser, Foreclosure | Appraiser Industrial Appraiser, Bank Foreclosures
Shopping Center, Office Building, Gas Station, Car Wash, Dental Office, Medical Office, Office Condo, Condominium Real Estate