Foreclosure Appraisal in San Diego County
There are various appraisal difficulties when it comes to a home in foreclosure or one that has gone back to the bank's ownership.
For a property in foreclosure, you might need to recognize the difference between fair market worth and "quick disposition" value to know your likely charge-off liability. The professionals at Harold Canum's-Appraisal Resource can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
We have the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Harold Canum's-Appraisal Resource.
Owners of properties in foreclosure, of course, can present special challenges. They might be uncooperative to allowing an inspection of the house. Sometimes the subjects have been intentionally damaged, often by the former residents themselves. Or, it's likely you'll discover nobody has lived in house for months or the home neglected for long of time.
If your property has already gone back to Real Estate Owned, you will interested in an expedited disposition. However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the repairs necessary to make the home marketable at full market value appropriate with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique situation of a Real Estate Owned house, as well as the special data you will need -- competing listings, market trends, and so forth. You can bank on Harold Canum's-Appraisal Resource to handle the task of your bank owned property with expertise and professionalism. Contact us today.