Real Estate Owned and Foreclosure Appraisals in Lamar County
Properties that have gone back to the bank's possession and homes in foreclosure create unique appraisal problems.
When there is a home in foreclosure, it's important to know the difference between fair market value and "quick disposition" price to know your probable charge-off liability. The professionals at R. Scott Pierce Appraisal Services can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line.
R. Scott Pierce Appraisal Services has the expertise to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact R. Scott Pierce Appraisal Services.
Owners of houses in foreclosure, of course, can present specific challenges. They could be uncooperative to allowing an inspection of the property. If they deserted the property already, they could have neglected care of the home for quite some time - or unfortunately, ransacked the home.
For real estate that has already gone back to Real Estate Owned, you probably will want to get rid of it quickly . But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the repairs needed to make the home marketable at full market value commensurate with competing houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned house, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can count on R. Scott Pierce Appraisal Services to take on the task of your REO with expertise and professionalism. Contact us today.