MacBride Appraisal is experienced when it comes to bank owned properties in San Diego
There are special appraisal problems when it comes to a house in foreclosure or one that has gone back to the institution's possession.
It's important to recognize the difference between fair market worth and "quick disposition" worth to analyze your potential write-down liability when dealing with a house in foreclosure. MacBride Appraisal has the experience in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time constraints.
The professionals at MacBride Appraisal have the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact MacBride Appraisal for a company you can count on.
Occupants of property in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting special challenges. If they moved out of the home already, they could have ignored the care of the house for quite awhile - or unfortunately, damaged the house.
You'll be interested in an expedited disposition if the property has already reverted to REO. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the work called for to make the home marketable at full market value consistent with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned home, in addition to the specific data you will need -- competing listings, market trends, and the like. You can count on MacBride Appraisal to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.