Foreclosure Appraisals in El Paso CountyReal Estate in foreclosure and properties that have reverted to the financial institution's control bring forth various appraisal challenges.
For a home in foreclosure, you need to understand the difference between the market and a "quick disposition" to know your likely charge-off liability. The professionals at Bonded Real Estate Appraisal Service, LLC can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your urgency.
Owners of property in foreclosureunfortunately can present special challenges: They could be unwilling to allow us access to the house. They may have left the home already and/or neglected care of the property for a long time - or worse, caused damage to the house.
For real estate that has already gone back to Real Estate Owned, you most likely will be going for an expeditious resolution. Regardless, you'll still want to consider three angles for looking at the value of the real estate at hand: