Across Texas Appraisals is experienced when it comes to bank owned properties in Big SpringHouses that have returned to the bank's holding and properties in foreclosure create various appraisal problems. You should know the difference between fair market worth and "quick disposition" value to analyze your possible write-down liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency. We have the expertise to deal with the special dynamics of a foreclosure appraisal. Contact Across Texas Appraisals for a company you can trust. Owners of homes in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the home. Sometimes the houses have been vandalized, often at the hands of the former residents. Or, it's likely you'll discover a house at least abandoned or the home neglected for long of time. You'll be interested in a fast disposition if the property has already gone back to REO. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the work needed to make the house marketable at full market value consistent with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific circumstances of a Real Estate Owned property, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can count on Across Texas Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |