REO and Foreclosure Appraisal in San Diego County
There are special appraisal problems for a home in foreclosure or one that has reverted to the financial institution's possession.
When there is a house in foreclosure, you need to ascertain the difference between fair market price and "quick disposition" price to analyze your probable charge-off liability. Harold Canum's-Appraisal Resource has the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company with the qualifications to handle the particular dynamics of a foreclosure appraisal. Contact Harold Canum's-Appraisal Resource for a company you can trust.
Occupants of homes in foreclosure may be unwilling to allow an inspection of the house, thus presenting special challenges. They could have left the house already and/or ignored the care of the property for some time - or even worse, intentionally harmed the house.
If your home has reverted to bank owned, you will interested in a fast disposition. But you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the repairs called for to make the property marketable at full market value comparable with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned house, in addition to the unique data you will need -- competing listings, market trends, and the like. You can count on Harold Canum's-Appraisal Resource to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.