Foreclosure and Real Estate Owned Appraisal in Houston CountyHouses 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.
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: |