Foreclosure and REO Appraisal in San Diego County
Homes that have reverted to the institution's ownership and properties in foreclosure present specific appraisal problems.
For a property in foreclosure, you might need to recognize the difference between the fair market value and "quick disposition" worth to know your possible charge-off liability. MacBride Appraisal has the knowledge in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
The professionals at MacBride Appraisal have the expertise to work with the specific dynamics of a foreclosure appraisal. Contact MacBride Appraisal for a company you can count on.
Unique challenges can be present when working with owners of homes in foreclosure. They may be disinclined to allow an inspection of the house. They might have abandoned the house already and/or overlooked the care of the property for quite awhile - or in some cases caused damage to the property.
You'll be interested in a speedy disposition if the home has already returned to Real Estate Owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work needed to make the house marketable at full market value appropriate with competing real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special circumstances of a bank owned home, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can rely on MacBride Appraisal to take on the task of your REO professionally and efficiently. Contact us today.