Foreclosure Appraisals in Denton County
There are specific appraisal challenges involved in a home in foreclosure or one that has returned to the institution's ownership.
When there is a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" worth to evaluate your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.
You need a company with the training to handle the special dynamics of a foreclosure appraisal. Contact LHC Appraisals for a company you can count on.
Special challenges may be present when working with owners of properties in foreclosure. They may be unwilling to allow an inspection of the house. If they moved out of the home already, they may have neglected care of the home for a long time - or worse, caused damage to the house.
If your property has changed to bank owned, you will interested in a fast disposition. However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the repairs necessary to make the home marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the special circumstances of a Real Estate Owned house, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can rely on LHC Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.
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