Call Fowler Appraisal Service to order appraisals on San Diego foreclosures

REO and Foreclosure Appraisal in San Diego County

Properties in foreclosure and houses that have reverted to the bank's holding bring forth unique appraisal difficulties.

When dealing with a property in foreclosure, you should ascertain market value versus a "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your pressing needs.

The professionals at Fowler Appraisal Service have the training to handle the unique dynamics of a foreclosure appraisal. Contact Fowler Appraisal Service for a company you can trust.

Owners of property in foreclosure could be unwilling to allow an inspection of the house, thus presenting unique challenges. Sometimes the subjects have been ransacked, often at the hands of the former residents themselves. Or, it's likely you'll find the previous owners have moved out or the home languishing in disrepair for long periods of time.

For a property that has already returned to bank owned, you typically will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for looking at the value of the asset (or in some cases, liability):

  • As Repaired. Value with the repairs needed to make the house marketable at full market value - consistent with competing homes in the area
  • As-is. The market value of the home without any repairs performed
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to offload the property quickly, likely to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the specific circumstances of an REO home, in addition to the special information you'll need - competing listings, neighborhood trends, and so forth. You can count on Fowler Appraisal Service to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.