Foreclosure and REO Appraisal in Randall County
Properties that have reverted to the institution's holding and houses in foreclosure bring forth various appraisal challenges.
For a property in foreclosure, you might need to understand the gap between fair market price and "quick disposition" to know your likely charge-off liability. The professionals at Anderson Appraisal, LLC can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your timeline.
Anderson Appraisal, LLC has the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Anderson Appraisal, LLC.
Particular challenges can be present when working with owners of properties in foreclosure. They may be unwilling to allow an inspection of the house. They could have abandoned the property already and/or overlooked the care of the property for quite awhile - or in some cases caused damage to the house.
For a home that has gone back to REO, you probably will want it off your hands as quickly as possible . However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the work needed to make the home marketable at full market value commensurate with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific situation of a bank owned home, in addition to the special information you'll need -- competing listings, market trends, and the like. You can rely on Anderson Appraisal, LLC to take on the appraisal of your REO with expertise and professionalism. Contact us today.