Foreclosure and Real Estate Owned Appraisals in San Diego County
There are various appraisal difficulties when we're talking about a home in foreclosure or one that has returned to the bank's holding.
When there is a house in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" value to analyze your potential charge-off liability. MacBride Appraisal has the knowledge in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at MacBride Appraisal have the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact MacBride Appraisal.
Particular challenges might be present when dealing with owners of properties in foreclosure. They could be uncooperative to allowing an inspection of the home. If they left the home already, they could have not taken care of the house for awhile - or unfortunately, ransacked the property.
For real estate that has already reverted to Real Estate Owned, you likewise will be interested in an expedited disposition . But you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work needed to make the property marketable at full market value consistent with similar real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned home, in addition to the specific data you will need -- competing listings, market trends, and the like. You can rely on MacBride Appraisal to take on the task of your bank owned property professionally and efficiently. Contact us today.