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Call Kurt Carlson Appraiser to discuss valuations for Houston foreclosures

Foreclosure and Real Estate Owned Appraisal in Houston County

Houses that have reverted to the institution's control and homes in foreclosure bring forth specific appraisal challenges.

For a house in foreclosure, you should know the difference between the market and a "quick disposition" value to know your potential charge-off liability. At Kurt Carlson Appraiser, we have the experience in both furnishing snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline.

Kurt Carlson Appraiser has the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Kurt Carlson Appraiser for a company you can rely on.

Owners of homes in foreclosure can present unique challenges. For example, they may be unwilling to allow an inspection of the home. Sometimes the homes show signs of vandalism, often at the hands of the residents. Or, it's common to discover a house at a minimum abandoned or the home languishing in disrepair for long periods of time.

If you're dealing with a house that has already returned to bank owned, you will interested in a fast disposition. However, you may want to understand and review three values: as-is, as repaired, and "quick sale". These represent:

  • The value of the house without any repairs performed
  • Value with the repairs necessary to make the house marketable at full market value - comparable with other houses in the neighborhood
  • Somewhere in the middle, with minor investment in repairs - to sell the home quickly, most likely as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of an REO home, as well as the unique information you will need - competing listings, neighborhood trends, and so forth. You can bank on Kurt Carlson Appraiser to handle the task of your bank owned property with expertise and professionalism. Contact us today.