Lemmon Appraisal Services is experienced when you need appraisals for bank owned properties in El PasoHouses that have gone back to the bank's possession and houses in foreclosure create specific appraisal challenges. For a home in foreclosure, you should understand the gap between fair market price and "quick disposition" price to know your possible charge-off liability. Lemmon Appraisal Services has the knowledge in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints. Lemmon Appraisal Services has the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Lemmon Appraisal Services. Owners of properties in foreclosure, of course, can present special challenges. They could be opposed to allowing an inspection of the property. Sometimes the properties show signs of vandalism, often by the residents themselves. Or, it's common to find a house at a minimum abandoned or the home neglected for extended periods of time. You'll be interested in an expeditious disposition if the home has already returned to bank owned. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the repairs required to make the house marketable at full market value comparable with similar houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a Real Estate Owned house, as well as the specific information you'll need -- competing listings, market trends, and the like. You can rely on Lemmon Appraisal Services to handle the task of your REO with expertise and professionalism. Contact us today. |