Foreclosure and Real Estate Owned Appraisals in Hays CountyHomes in foreclosure and houses that have gone back to the bank's ownership create specific appraisal difficulties. You need to ascertain the difference between fair market value and "quick disposition" value to analyze your possible charge-off liability when dealing with a house in foreclosure. Monte French has the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline. Monte French has the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Monte French. Occupants of properties in foreclosure might be disinclined to allow an inspection of the house, thus presenting particular challenges. They could have left the house already and/or overlooked the care of the property for some time - or worse, intentionally harmed the house. For real estate that has returned to bank owned, you probably will want to get rid of it quickly . But you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the repairs called for to make the home marketable at full market value corresponding with competing properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned property, in addition to the unique information you will need -- competing listings, market trends, and the like. You can bank on Monte French to take on the appraisal of your REO with expertise and professionalism. Contact us today. |