REO Appraisals in San Diego CountyThere are unique appraisal problems when we're talking about a home in foreclosure or one that has gone back to the lender's holding. For a property in foreclosure, you might need to know the gap between the fair market worth and "quick disposition" to know your likely charge-off liability. At MacBride Appraisal, we have the background in both presenting snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints. You need a company who has the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact MacBride Appraisal for a company you can count on. Specific challenges may be present when working with owners of property in foreclosure. They may be unwilling to allow an inspection of the property. Often the subjects have been ransacked, unfortunately by the residents. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for extended periods of time. You'll be interested in an expedited disposition if the home has reverted to bank owned. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the work required to make the house marketable at full market value comparable with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a bank owned home, as well as the unique information you will need -- competing listings, market trends, and so forth. You can count on MacBride Appraisal to take on the appraisal of your REO professionally and efficiently. Contact us today. |