REO and Foreclosure Appraisals in El Paso County
Real Estate in foreclosure and homes that have gone back to the financial institution's control present various appraisal challenges.
For a house in foreclosure, you should know the gap between fair market price and "quick disposition" to know your likely charge-off liability. The professionals at Crockett Appraisal Service, Inc. can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints.
The professionals at Crockett Appraisal Service, Inc. have the qualifications to handle the unique dynamics of a foreclosure appraisal. Contact Crockett Appraisal Service, Inc. for a company you can count on.
Owners of properties in foreclosure, of course, can present particular challenges. They might be unwilling to allow an inspection of the property. Often the properties show signs of vandalism, often by the former residents. Or, it's likely you'll discover the residents have moved out or the home languishing in disrepair for long of time.
If your home has already changed to REO, you will interested in an expeditious disposition. However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the repairs necessary to make the property marketable at full market value commensurate with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific situation of a Real Estate Owned property, as well as the specific information you'll need -- competing listings, market trends, and the like. You can count on Crockett Appraisal Service, Inc. to take on the task of your bank owned property with expertise and professionalism. Contact us today.