REO and Foreclosure Appraisals in Nueces CountyProperties that have returned to the institution's control and properties in foreclosure bring forth special appraisal challenges. When dealing with a home in foreclosure, you should understand the difference between fair market value and "quick disposition" price to analyze your possible charge-off liability. Crystal Wyrick has the knowledge in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency. We have the qualifications to work with the special dynamics of a foreclosure appraisal. Contact Crystal Wyrick for a company you can rely on. Unique challenges may be present when working with owners of properties in foreclosure. They may be unwilling to allow an inspection of the home. They could have moved out of the property already and/or neglected care of the house for a long time - or in some cases ransacked the house. For a property that has gone back to REO, you typically will want it off your hands as quickly as possible . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the repairs called for to make the property marketable at full market value corresponding with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the unique situation of a Real Estate Owned home, as well as the special data you will need -- competing listings, market trends, and the like. You can rely on Crystal Wyrick to take on the task of your bank owned property professionally and efficiently. Contact us today. |