Foreclosure Appraisals in San Diego CountyHomes that have reverted to the financial institution's control and houses in foreclosure bring forth special appraisal problems. For a home in foreclosure, you might need to recognize the gap between the fair market value and "quick disposition" value to know your possible charge-off liability. At Paine & Associates, we have the background in both producing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your time constraints. Paine & Associates has the expertise to work with the special dynamics of a foreclosure appraisal. Contact Paine & Associates for a company you can trust. Owners of houses in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the house. If they abandoned the property already, they could have not taken care of the house for awhile - or worse, ransacked the home. You will be interested in a speedy disposition if the home has returned to Real Estate Owned. So you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the work needed to make the home marketable at full market value corresponding with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your urgency and the special circumstances of an REO property, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Paine & Associates to handle the task of your bank owned property professionally and efficiently. Contact us today. |