Real Estate Owned Appraisal in Comanche County
There are special appraisal problems involved in a property in foreclosure or one that has returned to the bank's control.
When dealing with a home in foreclosure, you need to ascertain the difference between fair market price and "quick disposition" value to know your potential charge-off liability. Barnes Appraisal Company has the background in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your timeline.
The professionals at Barnes Appraisal Company have the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Barnes Appraisal Company.
Owners of property in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting specific challenges. They might have abandoned the property already and/or ignored the care of the house for some time - or gone as far as damaged the home.
For real estate that has reverted to Real Estate Owned, you likewise will be going for an expeditious resolution . But you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the repairs due to make the house marketable at full market value commensurate with similar properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of a bank owned property, in addition to the unique data you will 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.