Barnes Appraisal Company is experienced when it comes to foreclosures in Lawton
Properties in foreclosure and properties that have gone back to the lender's ownership present particular appraisal problems.
When dealing with a property in foreclosure, it's important to know the difference between fair market worth and "quick disposition" value to know your likely charge-off liability. At Barnes Appraisal Company, we have the training in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
Barnes Appraisal Company has the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Barnes Appraisal Company for a company you can trust.
Special challenges may be present when dealing with owners of property in foreclosure. They might be opposed to allowing an inspection of the house. Sometimes the homes have been ransacked, often at the hands of the former residents. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for extended periods of time.
For real estate that has returned to bank owned, you probably will want to get rid of it quickly . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the work required to make the property marketable at full market value corresponding with competing properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of an REO home, as well as the unique 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.