REO Appraisal in San Diego County
There are unique appraisal challenges regarding a property in foreclosure or one that has reverted to the lender's control.
It's key to ascertain the difference between fair market value and "quick disposition" price to evaluate your potential write-down liability when dealing with a home in foreclosure. At Harold Canum's-Appraisal Resource, we have the training in both furnishing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline.
We have the expertise to handle the specific dynamics of a foreclosure appraisal. Contact Harold Canum's-Appraisal Resource for a company you can trust.
Owners of homes in foreclosure may be disinclined to allow an inspection of the home, thus presenting particular challenges. If they abandoned the house already, they might have overlooked the care of the home for quite awhile - or unfortunately, caused damage to the home.
For a property that has reverted to Real Estate Owned, you probably will want to get rid of it quickly . However, you might want to know and examine 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 work called for to make the home marketable at full market value consistent with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique situation of a bank owned house, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can rely on Harold Canum's-Appraisal Resource to take on the task of your REO professionally and efficiently. Contact us today.