Foreclosure and REO Appraisal in El Paso County
There are various appraisal challenges for a home in foreclosure or one that has returned to the financial institution's ownership.
It's vital to ascertain the difference between fair market price and "quick disposition" worth to evaluate what losses you stand to sustain when dealing with a property in foreclosure. At Zacour & Associates, Inc., we have the experience in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at Zacour & Associates, Inc. have the training to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Zacour & Associates, Inc..
Occupants of in foreclosure may be unwilling to allow an inspection of the house, thus presenting special challenges. If they have abandoned the property already, they may have overlooked the care of the house for a long time - or worse, damaged the home.
If your home has already returned to bank owned, you will interested in a quick disposition. However, you might want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the repairs needed to make the house marketable at full market value commensurate with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of a bank owned home, as well as the unique data you'll need -- competing listings, market trends, and the like. You can bank on Zacour & Associates, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.