LHC Appraisals is a company you can trust when you need appraisals for foreclosures in Denton
Homes in foreclosure and properties that have gone back to the lender's control bring forth unique appraisal difficulties.
It's key to ascertain the difference between fair market value and "quick disposition" worth to analyze what losses you could realize when dealing with a property in foreclosure. At LHC Appraisals, we have the experience in both producing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your timeline.
You need a company who has the experience to handle the special dynamics of a foreclosure appraisal. Contact LHC Appraisals for a company you can count on.
Specific challenges might be present when dealing with owners of houses in foreclosure. They might be unwilling to allow an inspection of the house. They could have deserted the home already and/or ignored the care of the property for awhile - or gone as far as intentionally harmed the house.
You will be interested in an expedited disposition if the house has changed to Real Estate Owned. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the repairs called for to make the home marketable at full market value consistent with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of a Real Estate Owned property, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can bank on LHC Appraisals to handle the task of your bank owned property professionally and efficiently. 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.