Real Estate Owned and Foreclosure Appraisal in Denton County
Properties that have gone back to the financial institution's control and properties in foreclosure present particular appraisal challenges.
It's important to differentiate the difference between fair market worth and "quick disposition" price to evaluate your probable charge-off liability when dealing with a house in foreclosure. LHC Appraisals has the background in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
LHC Appraisals has the training to work with the particular dynamics of a foreclosure appraisal. Contact LHC Appraisals for a company you can count on.
Occupants of dwellings in foreclosure could be unwilling to allow an inspection of the house, thus presenting unique challenges. They could have moved out of the property already and/or neglected care of the home for some time - or even worse, ransacked the home.
If your house has already returned to Real Estate Owned, you will interested in an expedited disposition. But you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs done to it, with the repairs required to make the home marketable at full market value commensurate with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special circumstances of a Real Estate Owned home, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on LHC Appraisals to handle the task of your bank owned property with expertise and professionalism. Contact us today.
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