Barnes Appraisal Company is experienced when it comes to bank owned properties in Comanche
Properties in foreclosure and properties that have returned to the bank's holding bring forth various appraisal problems.
For a home in foreclosure, you may need to know the gap between the fair market price and "quick disposition" to know your likely charge-off liability. The professionals at Barnes Appraisal Company can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the experience to work with the special dynamics of a foreclosure appraisal. Contact Barnes Appraisal Company for a company you can trust.
Specific challenges may be present when dealing with owners of homes in foreclosure. They could be uncooperative to allowing an inspection of the house. If they abandoned the property already, they could have ignored the care of the home for quite awhile - or unfortunately, caused damage to the home.
For a property that has reverted to REO, you most likely will want it off your hands as quickly as possible . But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the work necessary to make the house marketable at full market value consistent with similar homes in the neighborhood, 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 urgency and the special situation of an REO house, as well as the specific data you'll need -- competing listings, market trends, and the like. You can count on Barnes Appraisal Company to take on the task of your bank owned property with expertise and professionalism. Contact us today.