Real Estate Owned Appraisals in Comanche County
There are various appraisal difficulties when it comes to a house in foreclosure or one that has gone back to the financial institution's ownership.
When there is a property in foreclosure, you need to know the difference between fair market price and "quick disposition" value to analyze your possible charge-off liability. Barnes Appraisal Company has the background in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints.
You need a company who has the expertise to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Barnes Appraisal Company.
Owners of properties in foreclosure, of course, can present specific challenges. They might be unwilling to allow an inspection of the property. They might have deserted the house already and/or neglected care of the property for quite some time - or even worse, damaged the property.
If your property has gone back to REO, you will interested in an expeditious disposition. However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the work required to make the home marketable at full market value commensurate with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of a bank owned house, as well as the specific information you will need -- competing listings, market trends, and the like. You can bank on Barnes Appraisal Company to take on the appraisal of your REO with expertise and professionalism. Contact us today.