TEXAS REAL ESTATE APPRAISERS is experienced when you need appraisals for bank owned properties in North Texas Counties.Houses that have reverted to the bank's ownership and houses in foreclosure bring forth specific appraisal difficulties.
It's key to differentiate the meanings of "market value" and a "quick disposition" price to know what losses you might sustain when dealing with a home in foreclosure. The professionals at TEXAS REAL ESTATE APPRAISERS can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time line.
Owners of houses in foreclosure can present particular challenges: They could be opposed to allowing us access to the home. If they abandoned the house already, they could have not taken care of the property for some time - or unfortunately, damaged the house.
For a house that has already returned to bank owned, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three ways of figuring the value of the real estate at hand: