Harold Canum's-Appraisal Resource is a company you can trust when you need appraisals for foreclosures in San Diego/Temecula
There are various appraisal problems when it comes to a home in foreclosure or one that has returned to the lender's ownership.
When there is a property in foreclosure, you should understand the difference between fair market value and "quick disposition" worth to know your possible charge-off liability. At Harold Canum's-Appraisal Resource, we have the background in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
We have the training to deal with the particular dynamics of a foreclosure appraisal. Contact Harold Canum's-Appraisal Resource for a company you can rely on.
Owners of houses in foreclosure, of course, can present special challenges. They could be disinclined to allow an inspection of the home. Sometimes the subjects have been ransacked, unfortunately by the former residents. Or, it's common to find the families have moved out or the home neglected for extended periods of time.
You will be interested in a speedy disposition if the house has already changed to bank owned. So you might want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the work needed to make the house marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique situation of a Real Estate Owned property, as well as the specific data you will need -- competing listings, market trends, and so forth. You can bank on Harold Canum's-Appraisal Resource to take on the task of your bank owned property professionally and efficiently. Contact us today.