MacBride Appraisal is experienced when it comes to bank owned properties in San Diego
There are specific appraisal difficulties involved in a property in foreclosure or one that has reverted to the bank's possession.
For a home in foreclosure, you need to know the difference between fair market value and "quick disposition" worth to know your potential charge-off liability. The professionals at MacBride Appraisal can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
MacBride Appraisal has the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact MacBride Appraisal for a company you can trust.
Specific challenges can be present when working with owners of property in foreclosure. They may be disinclined to allow an inspection of the house. They may have left the home already and/or overlooked the care of the property for quite awhile - or worse, caused damage to the home.
If your house has already changed to Real Estate Owned, you will interested in a speedy disposition. But you may want to understand and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the repairs necessary to make the house marketable at full market value appropriate with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special circumstances of a bank owned home, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on MacBride Appraisal to take on the task of your REO with expertise and professionalism. Contact us today.