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Foreclosure and REO Appraisals in Johnson County Houses that have reverted to the bank's ownership and properties in foreclosure present specific appraisal difficulties.
For a home in foreclosure, you should know the difference between fair market value and "quick disposition" value to know your probable charge-off liability. The professionals at TEXAS REAL ESTATE APPRAISERS can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line.
Owners of in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting special challenges. If they left the house already, they could have overlooked the care of the home for quite some time - or unfortunately, damaged the house.
If your property has returned to Real Estate Owned, you will interested in a quick disposition. But you may want to know and compare three values: as-is, as repaired, and "quick sale". These symbolize: the value of the house without any work done to it, with the work called for to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper".
Again, we understand your time line and the specific situation of a Real Estate Owned home, as well as the unique data you'll need - competing listings, neighborhood trends, and the like. You can bank on TEXAS REAL ESTATE APPRAISERS to take on the task of your bank owned property professionally and efficiently. Contact us today.
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