Harold Canum's-Appraisal Resource is experienced when it comes to bank owned properties in San Diego
Houses in foreclosure and houses that have reverted to the bank's holding present specific appraisal problems.
For a house in foreclosure, you should recognize the difference between fair market worth and "quick disposition" worth to know your possible charge-off liability. The professionals at Harold Canum's-Appraisal Resource can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your time line.
Harold Canum's-Appraisal Resource has the experience to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Harold Canum's-Appraisal Resource.
Special challenges may be present when working with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the home. Sometimes the homes have been intentionally damaged, unfortunately by the residents. Or, it's common to discover the previous owners have moved out or the home languishing in disrepair for long of time.
You'll be interested in a fast disposition if the home has changed to bank owned. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the repairs called for to make the house marketable at full market value appropriate with similar properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a bank owned home, in addition to the special data you'll need -- competing listings, market trends, and the like. 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.