REO and Foreclosure Appraisals in Tarrant CountyHouses in foreclosure and homes that have returned to the institution's control create particular appraisal problems. When dealing with a house in foreclosure, it's important to understand the difference between fair market price and "quick disposition" price to analyze your possible charge-off liability. The professionals at BNKP Property Solutions can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your time constraints. We have the experience to work with the special dynamics of a foreclosure appraisal. Contact BNKP Property Solutions for a company you can count on. Unique challenges can be present when dealing with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the property. They could have abandoned the home already and/or neglected care of the house for quite some time - or unfortunately, intentionally harmed the house. For a property that has already returned to REO, you probably will be interested in an expeditious disposition . However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs performed, with the repairs needed to make the house marketable at full market value consistent with similar houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned home, in addition to the unique information you'll need -- competing listings, market trends, and so forth. You can bank on BNKP Property Solutions to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |