Harold Canum's-Appraisal Resource is experienced when it comes to bank owned properties in San Diego/Temecula
Homes in foreclosure and houses that have returned to the lender's holding bring forth particular appraisal difficulties.
For a home in foreclosure, you may need to know the gap between fair market value and "quick disposition" price to know your possible charge-off liability. Harold Canum's-Appraisal Resource has the background in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time constraints.
You need a company who has the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Harold Canum's-Appraisal Resource for a company you can count on.
Owners of property in foreclosure may be unwilling to allow an inspection of the house, thus presenting particular challenges. They may have abandoned the home already and/or overlooked the care of the house for awhile - or gone as far as intentionally harmed the property.
For a house that has gone back to REO, you most likely will be seeking a quick disposition . But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs called for to make the home marketable at full market value consistent with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned property, as well as the special data you will need -- competing listings, neighborhood trends, and the like. You can bank on Harold Canum's-Appraisal Resource to handle the task of your bank owned property professionally and efficiently. Contact us today.