Foreclosure Appraisal in Comanche County
Homes in foreclosure and properties that have gone back to the bank's holding create unique appraisal challenges.
For a home in foreclosure, you might need to know the difference between the fair market worth and "quick disposition" to know your likely charge-off liability. Barnes Appraisal Company has the knowledge in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
Barnes Appraisal Company has the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Barnes Appraisal Company for a company you can count on.
Owners of property in foreclosure, of course, can present particular challenges. They could be opposed to allowing an inspection of the home. If they moved out of the house already, they might have overlooked the care of the property for awhile - or unfortunately, caused damage to the property.
You'll be interested in a quick disposition if the house has changed to REO. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the work called for to make the property marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the specific circumstances of a bank owned property, as well as the unique information you will need -- competing listings, market trends, and so forth. You can count on Barnes Appraisal Company to take on the task of your REO with expertise and professionalism. Contact us today.