LHC Appraisals is experienced when you need appraisals for bank owned properties in Denton
There are specific appraisal challenges when we're talking about a house in foreclosure or one that has returned to the bank's control.
For a house in foreclosure, you should understand the gap between fair market price and "quick disposition" value to know your likely charge-off liability. LHC Appraisals has the training in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
The professionals at LHC Appraisals have the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact LHC Appraisals.
Owners of properties in foreclosure, of course, can present particular challenges. They might be unwilling to allow an inspection of the house. Sometimes the houses show signs of vandalism, often by the former residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home languishing in disrepair for long of time.
For a home that has already reverted to Real Estate Owned, you most likely will be interested in an expedited resolution . However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the work due to make the house marketable at full market value consistent with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a bank owned house, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can rely on LHC Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today.
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