REO Appraisal in Denton County
Houses in foreclosure and properties that have returned to the institution's ownership present specific appraisal challenges.
You should differentiate the difference between fair market value and "quick disposition" worth to know your probable write-down liability when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
LHC Appraisals has the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact LHC Appraisals.
Owners of property in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the home. Often the houses have been ransacked, often by the former residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home neglected for long of time.
You will be interested in a quick disposition if the house has already changed to Real Estate Owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work done to it, with the work required to make the property marketable at full market value appropriate with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned house, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can rely on LHC Appraisals to handle the task of your REO with expertise and professionalism. Contact us today.
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