Foreclosure and Real Estate Owned Appraisal in El Paso CountyProperties that have reverted to the bank's control and homes in foreclosure bring forth special appraisal difficulties. It's important to differentiate the difference between fair market price and "quick disposition" value to analyze your probable charge-off liability when dealing with a house in foreclosure. The professionals at Lemmon Appraisal Services can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints. The professionals at Lemmon Appraisal Services have the experience to work with the particular dynamics of a foreclosure appraisal. Contact Lemmon Appraisal Services for a company you can count on. Owners of properties in foreclosure, of course, can present unique challenges. They could be uncooperative to allowing an inspection of the home. Sometimes the subjects have been intentionally damaged, often at the hands of the former residents. Or, it's common to find a house at a minimum abandoned or the home neglected for extended periods of time. For a house that has already gone back to Real Estate Owned, you typically will want to get rid of it quickly . But you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the repairs required to make the home marketable at full market value commensurate with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the special situation of an REO property, in addition to the special data you'll need -- competing listings, market trends, and the like. You can rely on Lemmon Appraisal Services to take on the appraisal of your REO professionally and efficiently. Contact us today. |