Zacour & Associates, Inc. is experienced when you need appraisals for foreclosures in El Paso
There are various appraisal challenges for a house in foreclosure or one that has gone back to the lender's possession.
When dealing with a home in foreclosure, you need to ascertain the difference between fair market value and "quick disposition" price to know your probable charge-off liability. The professionals at Zacour & Associates, Inc. can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
We have the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Zacour & Associates, Inc..
Specific challenges can be present when working with owners of property in foreclosure. They may be unwilling to allow an inspection of the house. They might have moved out of the home already and/or overlooked the care of the home for quite awhile - or worse, damaged the home.
For real estate that has already gone back to REO, you most likely will want it off your hands as quickly as possible . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the repairs necessary to make the home marketable at full market value corresponding with competing real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a Real Estate Owned home, as well as the special data you will need -- competing listings, market trends, and so forth. You can bank on Zacour & Associates, Inc. to handle the task of your bank owned property with expertise and professionalism. Contact us today.