REO Appraisals in Van Zandt CountyProperties in foreclosure and houses that have gone back to the lender's control bring forth specific appraisal difficulties.
For a house in foreclosure, you should know the difference between market and a "quick disposition" price to know your probable charge-off liability. The professionals at JP TEXAS APPRAISAL can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your pressing needs.
Specific challenges may be present when dealing with owners of property in foreclosure. They might be opposed to allowing an inspection of the home. Often the houses show signs of vandalism, often by the residents. Or, it's common to find the families have moved out or the home languishing in disrepair for long periods of time.
For real estate that has reverted to bank owned, you most likely will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of figuring the value of the subject property: