REO and Foreclosure Appraisal in Travis CountyProperties that have returned to the bank's possession and homes in foreclosure create special appraisal problems.It's key to recognize the meanings of "market value" and a "quick disposition" price to know what losses you might sustain when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
Owners of homes in foreclosureunfortunately can present unique challenges: For example, they could be uncooperative when it comes to allowing the appraiser access to the home. If they have abandoned the property already, they could have not taken care of the home for quite some time - or even worse, damaged the property.
For real estate that has reverted to Real Estate Owned, you typically will want it off your hands as quickly as possible. Regardless, you'll still want to consider three ways of figuring the value of the real estate at hand: |