Barnes Appraisal Company is a company you can trust when you need appraisals for foreclosures in Lawton
Houses that have gone back to the financial institution's ownership and houses in foreclosure bring forth specific appraisal problems.
For a property in foreclosure, you may need to understand the gap between fair market value and "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Barnes Appraisal Company have the experience to work with the specific dynamics of a foreclosure appraisal. Contact Barnes Appraisal Company for a company you can trust.
Occupants of houses in foreclosure might be disinclined to allow an inspection of the home, thus presenting specific challenges. Sometimes the properties have been ransacked, unfortunately at the hands of the residents themselves. Or, it's common to find the families have moved out or the home neglected for long of time.
For a property that has already reverted to Real Estate Owned, you probably will be interested in a speedy resolution . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs due to make the property marketable at full market value comparable with similar homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the special situation of an REO house, as well as the unique data you'll need -- competing listings, neighborhood trends, and the like. You can count on Barnes Appraisal Company to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.