Harold Canum's-Appraisal Resource is experienced when it comes to foreclosures in San Diego/Temecula
Homes that have gone back to the financial institution's holding and homes in foreclosure present specific appraisal challenges.
It's key to differentiate the difference between fair market value and "quick disposition" value to know what losses you might have to endure when dealing with a property in foreclosure. At Harold Canum's-Appraisal Resource, we have the training in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
Harold Canum's-Appraisal Resource has the experience to work with the specific dynamics of a foreclosure appraisal. Contact Harold Canum's-Appraisal Resource for a company you can count on.
Owners of homes in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the home. They could have abandoned the house already and/or ignored the care of the property for quite some time - or worse, ransacked the property.
For a property that has already returned to Real Estate Owned, you most likely will want to get rid of it quickly . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the work due to make the home marketable at full market value comparable with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique circumstances of a Real Estate Owned property, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on Harold Canum's-Appraisal Resource to handle the task of your bank owned property professionally and efficiently. Contact us today.