REO Appraisals in Denton County
Homes that have returned to the financial institution's ownership and houses in foreclosure create unique appraisal difficulties.
You should recognize the difference between fair market value and "quick disposition" price to know what losses you might realize when dealing with a property in foreclosure. LHC Appraisals has the experience in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.
The professionals at LHC Appraisals have the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact LHC Appraisals.
Special challenges can be present when working with owners of houses in foreclosure. They could be opposed to allowing an inspection of the property. If they deserted the property already, they might have ignored the care of the property for some time - or even worse, caused damage to the home.
If your home has already returned to REO, you will interested in an expeditious disposition. However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs called for to make the house marketable at full market value comparable with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO home, in addition to the specific data you will need -- competing listings, market trends, and so forth. You can bank on LHC Appraisals to take on the task of your bank owned property professionally and efficiently. Contact us today.
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