Foreclosure and Real Estate Owned Appraisals in San Diego CountyThere are unique appraisal difficulties regarding a home in foreclosure or one that has returned to the bank's holding. When there is a property in foreclosure, you should recognize the difference between fair market price and "quick disposition" value to evaluate your possible charge-off liability. At MacBride Appraisal, we have the training in both furnishing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your urgency. MacBride Appraisal has the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact MacBride Appraisal. Owners of property in foreclosure, of course, can present unique challenges. They could be opposed to allowing an inspection of the property. If they moved out of the property already, they could have overlooked the care of the house for some time - or worse, caused damage to the property. You'll be interested in a quick disposition if the house has already reverted to REO. So you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the work needed to make the property marketable at full market value corresponding with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of a Real Estate Owned property, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can rely on MacBride Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today. |