Zacour & Associates, Inc. is experienced when you need appraisals for foreclosures in El Paso
Houses in foreclosure and houses that have gone back to the financial institution's holding present special appraisal challenges.
You should understand the difference between fair market worth and "quick disposition" price to know your potential write-down liability when dealing with a home in foreclosure. The professionals at Zacour & Associates, Inc. can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.
You need a company who has the training to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Zacour & Associates, Inc..
Owners of homes in foreclosure, of course, can present unique challenges. They could be opposed to allowing an inspection of the property. If they moved out of the house already, they may have ignored the care of the property for some time - or worse, damaged the property.
You'll be interested in an expeditious disposition if the property has already changed to bank owned. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the work needed to make the house marketable at full market value commensurate with similar houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned house, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can count on Zacour & Associates, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.