Foreclosure and REO Appraisals in Sabine County
There are unique appraisal problems for a home in foreclosure or one that has returned to the financial institution's ownership.
You should differentiate the difference between fair market price and "quick disposition" value to know what losses you might realize when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your urgency.
The professionals at Fuller Appraisals have the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Fuller Appraisals for a company you can rely on.
Owners of homes in foreclosure, of course, can present unique challenges. They might be unwilling to allow an inspection of the property. If they abandoned the property already, they could have ignored the care of the house for a long time - or unfortunately, ransacked the home.
If your property has already changed to REO, you will interested in an expedited disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work due to make the house marketable at full market value commensurate with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned property, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can count on Fuller Appraisals to take on the task of your REO professionally and efficiently. Contact us today.