Foreclosure and REO Appraisal in Denton County
Real Estate in foreclosure and houses that have reverted to the bank's control bring forth unique appraisal difficulties.
When dealing with a house in foreclosure, it's important to ascertain the difference between fair market value and "quick disposition" value to evaluate your possible charge-off liability. LHC Appraisals has the training in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your timeline.
You need a company with the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact LHC Appraisals.
Particular challenges might be present when dealing with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the home. If they deserted the property already, they might have overlooked the care of the property for some time - or unfortunately, ransacked the property.
If your home has gone back to REO, you will interested in a quick disposition. However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the work required to make the property marketable at full market value corresponding with the other real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the specific situation of an REO property, as well as the special data you will need -- competing listings, market trends, and so forth. You can bank on LHC Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.
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