Crockett Appraisal Service, Inc. is a company you can trust when it comes to bank owned properties in El Paso
There are various appraisal difficulties for a home in foreclosure or one that has gone back to the institution's control.
For a house in foreclosure, you may need to know the gap between the fair market and "quick disposition" worth to know your likely charge-off liability. Crockett Appraisal Service, Inc. has the training in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.
We have the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Crockett Appraisal Service, Inc..
Owners of properties in foreclosure, of course, can present unique challenges. They might be uncooperative to allowing an inspection of the home. They may have deserted the property already and/or ignored the care of the property for a long time - or worse, caused damage to the property.
For a home that has returned to Real Estate Owned, you most likely will be going for an expedited resolution . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the repairs required to make the property marketable at full market value consistent with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned property, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can count on Crockett Appraisal Service, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.