REO Appraisals in Denton County
Houses in foreclosure and homes that have gone back to the institution's control create particular appraisal difficulties.
When there is a property in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" value to analyze your probable charge-off liability. The professionals at LHC Appraisals can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
We have the qualifications to handle the particular dynamics of a foreclosure appraisal. Contact LHC Appraisals for a company you can rely on.
Owners of homes in foreclosure, of course, can present particular challenges. They could be unwilling to allow an inspection of the home. If they deserted the home already, they may have not taken care of the home for quite awhile - or worse, ransacked the house.
For real estate that has already reverted to REO, you typically will want it off your hands as quickly as possible . But you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs necessary to make the property marketable at full market value commensurate with competing real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of a Real Estate Owned home, as well as the specific data you'll need -- competing listings, neighborhood trends, and the like. You can count on LHC Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.
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