REO Appraisal in Tarrant CountyThere are various appraisal challenges regarding a house in foreclosure or one that has reverted to the institution's possession.It's key to ascertain the meanings of "market value" and a "quick disposition" price to evaluate what losses you could realize when dealing with a home in foreclosure. At Lone Star Valuation, we have the background in both presenting snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that factor in your time line.
Occupants of homes in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting particular challenges. If they left the property already, they might have not taken care of the property for quite some time - or worse, damaged the home.
For a property that has already returned to Real Estate Owned, you typically will want to get rid of it quickly. But you might want to understand and review the meanings of "as-is", "as repaired", and "quick sale" values. These symbolize: |