Foreclosure and REO Appraisals in San Diego County
There are unique appraisal challenges for a property in foreclosure or one that has reverted to the lender's control.
It's vital to understand the difference between fair market worth and "quick disposition" price to analyze your potential write-down liability when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company with the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact MacBride Appraisal.
Occupants of in foreclosure may be opposed to allowing an inspection of the home, thus presenting special challenges. If they have abandoned the home already, they may have ignored the care of the home for quite some time - or even worse, caused damage to the property.
For real estate that has already changed to bank owned, you probably will be seeking a quick resolution . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the work needed to make the property marketable at full market value commensurate with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the specific circumstances of a bank owned property, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can rely on MacBride Appraisal to handle the appraisal of your REO with expertise and professionalism. Contact us today.