Foreclosure Appraisals in El Paso CountyThere are unique appraisal difficulties when we're talking about a property in foreclosure or one that has returned to the bank's possession. When dealing with a home in foreclosure, you should know the difference between fair market worth and "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints. We have the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Zacour & Associates, Inc.. Unique challenges can be present when working with owners of properties in foreclosure. They might be disinclined to allow an inspection of the house. Often the homes show signs of vandalism, unfortunately by the former residents. Or, it's common to discover nobody has lived in house for months or the home neglected for long of time. If your property has returned to Real Estate Owned, you will interested in a fast disposition. But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs performed, with the work needed to make the home marketable at full market value corresponding with competing properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of a bank owned property, in addition to the unique information you'll need -- competing listings, market trends, and the like. You can bank on Zacour & Associates, Inc. to take on the task of your REO with expertise and professionalism. Contact us today. |