Real Estate Owned Appraisal in Comanche County
Houses that have gone back to the bank's possession and properties in foreclosure bring forth specific appraisal problems.
For a house in foreclosure, you should know the difference between the fair market value and "quick disposition" value to know your probable charge-off liability. The professionals at Barnes Appraisal Company can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your timeline.
The professionals at Barnes Appraisal Company have the training to handle the special dynamics of a foreclosure appraisal. Contact Barnes Appraisal Company for a company you can trust.
Owners of homes in foreclosure, of course, can present particular challenges. They could be unwilling to allow an inspection of the house. Sometimes the houses have been intentionally damaged, unfortunately by the former residents. Or, it's common to discover the previous owners have moved out or the home languishing in disrepair for long of time.
You will be interested in a fast disposition if the home has already reverted to Real Estate Owned. So you need to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the repairs necessary to make the house marketable at full market value consistent with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of a Real Estate Owned property, in addition to the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Barnes Appraisal Company to handle the task of your bank owned property with expertise and professionalism. Contact us today.