Barnes Appraisal Company is a company you can trust when you need appraisals for bank owned properties in Lawton
Properties that have returned to the bank's holding and houses in foreclosure present special appraisal problems.
You should understand the difference between fair market worth and "quick disposition" value to know your potential write-down liability when dealing with a house in foreclosure. The professionals at Barnes Appraisal Company can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your urgency.
Barnes Appraisal Company has the training to work with the particular dynamics of a foreclosure appraisal. Contact Barnes Appraisal Company for a company you can trust.
Owners of houses in foreclosure, of course, can present unique challenges. They may be uncooperative to allowing an inspection of the house. Often the properties show signs of vandalism, often at the hands of the residents themselves. Or, it's common to discover the families have moved out or the home languishing in disrepair for extended periods of time.
If your home has gone back to REO, you will interested in an expeditious disposition. However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the work required to make the property marketable at full market value corresponding with competing homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special situation of a bank owned property, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Barnes Appraisal Company to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.