REO and Foreclosure Appraisals in Comanche County
Houses that have reverted to the financial institution's ownership and homes in foreclosure create specific appraisal difficulties.
When there is a house in foreclosure, you should recognize the difference between fair market worth and "quick disposition" price to know your potential charge-off liability. At Barnes Appraisal Company, we have the experience in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
The professionals at Barnes Appraisal Company have the experience to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Barnes Appraisal Company.
Owners of houses in foreclosure, of course, can present special challenges. They may be disinclined to allow an inspection of the property. They could have moved out of the house already and/or ignored the care of the property for a long time - or unfortunately, intentionally harmed the home.
If your property has returned to REO, you will interested in a quick disposition. However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the work called for to make the property marketable at full market value corresponding with the other real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique circumstances of a Real Estate Owned house, as well as the special data you'll need -- competing listings, market trends, and so forth. You can count on Barnes Appraisal Company to handle the task of your REO with expertise and professionalism. Contact us today.