Foreclosure and Real Estate Owned Appraisals in El Paso County
Properties in foreclosure and houses that have returned to the institution's ownership create specific appraisal challenges.
For a property in foreclosure, you might need to recognize the difference between the fair market worth and "quick disposition" value to know your probable charge-off liability. The professionals at Zacour & Associates, Inc. can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
Zacour & Associates, Inc. has the experience to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Zacour & Associates, Inc..
Owners of homes in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the house. If they moved out of the house already, they may have neglected care of the home for a long time - or worse, ransacked the home.
You'll be interested in an expedited disposition if the house has already reverted to REO. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the work called for to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned property, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Zacour & Associates, Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.