Foreclosure and Real Estate Owned Appraisals in San Diego County
Properties that have reverted to the institution's holding and homes in foreclosure bring forth unique appraisal challenges.
When dealing with a house in foreclosure, it's important to differentiate the difference between fair market price and "quick disposition" price to know your probable charge-off liability. At MacBride Appraisal, we have the background in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
MacBride Appraisal has the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact MacBride Appraisal for a company you can trust.
Owners of properties in foreclosure could be opposed to allowing an inspection of the home, thus presenting unique challenges. They might have moved out of the house already and/or overlooked the care of the house for quite awhile - or unfortunately, ransacked the property.
If your house has already changed to Real Estate Owned, you will interested in a fast disposition. However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the work required to make the home marketable at full market value corresponding with similar houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a bank owned property, as well as the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on MacBride Appraisal to take on the task of your REO with expertise and professionalism. Contact us today.