Call Lone Star Valuation to discuss valuations for Tarrant foreclosures

REO Appraisal in Tarrant County

There 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.

We have the expertise to work with the specific dynamics of a foreclosure appraisal. Contact Lone Star Valuation for a company you can rely on.

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:

  • The value of the house without any work done to it
  • Possible value with the work needed to make the home marketable at full market value - comparable with similar properties in the area
  • Somewhere in between, with minor investment in repairs - to offload the home quickly, possibly to someone inclined to finish the job themselves
Again, we understand your timeline and the specific situation of an REO house, in addition to the specific data you will need - competing listings, market trends, and the like. You can bank on Lone Star Valuation to take on the task of your bank owned property professionally and efficiently. Contact us today.