|
|
Real Estate Owned and Foreclosure Appraisal in El Paso County
Houses that have reverted to the financial institution's holding and houses in foreclosure create specific appraisal challenges.
When dealing with a home in foreclosure, it's important to know market value versus a "quick disposition" value to evaluate your possible charge-off liability.
Zacour & Associates, Inc. has the knowledge in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your pressing needs.
 |
 |
 |
Zacour & Associates, Inc. has the expertise to work with the special dynamics of a foreclosure appraisal. Contact Zacour & Associates, Inc. for a company you can count on. |
|
|
Unique challenges may be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the home.
If they have abandoned the property already, they may have overlooked the care of the property for quite some time - or worse, damaged the property.
For a house that has reverted to Real Estate Owned, you likewise will be interested in an expedited resolution. In any case, you'll still want to consider three angles for determining the value of the real estate at hand:- As Repaired. Possible market value with the work due to make the property marketable at full market value - appropriate with competing houses in the neighborhood
- As-is. The value of the home without any work done to it
- Quick sale. With minimal investment in repairs - to offload the property quickly, likely as a "fixer-upper"
Again, we understand your time line and the specific circumstances of a bank owned property, as well as the special information you'll need - competing listings, neighborhood trends, and the like. You can count on Zacour & Associates, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.
|
|
