Real Estate Owned and Foreclosure Appraisal in El Paso County
There are particular appraisal problems when it comes to a home in foreclosure or one that has gone back to the bank's control.
When there is a property in foreclosure, you should ascertain the difference between fair market price and "quick disposition" worth to evaluate your probable charge-off liability. At Crockett Appraisal Service, Inc., we have the knowledge in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
We have the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact Crockett Appraisal Service, Inc. for a company you can rely on.
Special challenges might be present when dealing with owners of homes in foreclosure. They might be disinclined to allow an inspection of the property. They might have moved out of the home already and/or ignored the care of the home for some time - or unfortunately, vandalized the property.
For a property that has changed to bank owned, you typically will want to get rid of it quickly . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs 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 minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned house, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can count on Crockett Appraisal Service, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.