LHC Appraisals is experienced when it comes to foreclosures in Denton
There are various appraisal problems when it comes to a property in foreclosure or one that has gone back to the bank's ownership.
When dealing with a house in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" price to analyze your possible charge-off liability. At LHC Appraisals, we have the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
The professionals at LHC Appraisals have the experience to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact LHC Appraisals.
Unique challenges can be present when dealing with owners of property in foreclosure. They might be unwilling to allow an inspection of the property. If they moved out of the home already, they might have overlooked the care of the house for some time - or unfortunately, ransacked the home.
If your house has already reverted to Real Estate Owned, you will interested in a quick disposition. But you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the repairs necessary to make the home marketable at full market value appropriate with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of an REO property, as well as the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can count on LHC Appraisals to handle the task of your bank owned property with expertise and professionalism. Contact us today.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.