REO and Foreclosure Appraisals in Williamson CountyThere are particular appraisal difficulties when it comes to a home in foreclosure or one that has returned to the lender's possession. When there is a property in foreclosure, it's important to know the difference between fair market price and "quick disposition" value to analyze your possible charge-off liability. The professionals at JW -Appraisal can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line. JW -Appraisal has the experience to deal with the specific dynamics of a foreclosure appraisal. Contact JW -Appraisal for a company you can rely on. Owners of houses in foreclosure, of course, can present particular challenges. They could be unwilling to allow an inspection of the property. If they have abandoned the house already, they could have neglected care of the property for awhile - or even worse, caused damage to the property. If your property has changed to REO, you will interested in a fast disposition. But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the repairs required to make the house marketable at full market value appropriate with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned property, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on JW -Appraisal to handle the appraisal of your REO professionally and efficiently. Contact us today. |