Foreclosure and Real Estate Owned Appraisals in Comanche County
There are unique appraisal difficulties for a property in foreclosure or one that has returned to the bank's control.
For a house in foreclosure, you may need to understand the gap between the fair market and "quick disposition" value to know your probable charge-off liability. At Barnes Appraisal Company, we have the training in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the qualifications to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Barnes Appraisal Company.
Owners of property in foreclosure, of course, can present unique challenges. They may be unwilling to allow an inspection of the home. They may have deserted the property already and/or ignored the care of the home for a long time - or worse, vandalized the home.
If your property has already changed to REO, you will interested in a quick disposition. However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the repairs called for to make the property marketable at full market value corresponding with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of an REO home, as well as the specific information you will need -- competing listings, market trends, and so forth. You can rely on Barnes Appraisal Company to handle the appraisal of your REO professionally and efficiently. Contact us today.