Harold Canum's-Appraisal Resource is experienced when it comes to bank owned properties in San Diego
There are special appraisal challenges when we're talking about a home in foreclosure or one that has returned to the institution's control.
You should ascertain the difference between fair market price and "quick disposition" value to know what losses you might sustain when dealing with a home in foreclosure. 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 respect your timeline.
Harold Canum's-Appraisal Resource has the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can trust, contact Harold Canum's-Appraisal Resource.
Owners of houses in foreclosure, of course, can present unique challenges. They might be unwilling to allow an inspection of the house. They may have left the house already and/or ignored the care of the home for some time - or even worse, vandalized the house.
You will be interested in an expedited disposition if the home has returned to Real Estate Owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the work necessary to make the house marketable at full market value corresponding with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of a bank owned property, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Harold Canum's-Appraisal Resource to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.