Call Southmost Realty Appraisals & Court expert witness to discuss appraisals regarding Cameron foreclosures

Southmost Realty Appraisals & Court expert witness is experienced when it comes to bank owned properties in Harlingen, Texas

Houses in foreclosure and houses that have gone back to the lender's ownership create specific appraisal challenges.

When dealing with a house in foreclosure, you should recognize market value versus a "quick disposition" value to analyze your potential charge-off liability. At Southmost Realty Appraisals & Court expert witness, we have the background in both furnishing snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that consider your time line.

We have the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Southmost Realty Appraisals & Court expert witness.

Owners of homes in foreclosure can present particular challenges. They could be disinclined to allow an inspection of the property. Often the subjects have been ransacked, often by the former residents. Or, it's likely you'll discover nobody has occupied the house for months or the home neglected for long periods of time.

For real estate that has gone back to REO, you likewise will be interested in a fast disposition. In any case, you'll still want to consider three ways of looking at the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work due to make the property marketable at full market value - consistent with competing properties in the neighborhood
  • As-is. The market value of the home without any repairs done to it
  • Quick sale. With minor investment in repairs - to offload the property quickly, likely as a "fixer-upper"

Again, we understand your urgency and the special situation of a Real Estate Owned house, in addition to the special information you will need - competing listings, market trends, and the like. You can bank on Southmost Realty Appraisals & Court expert witness to handle the task of your REO professionally and efficiently. Contact us today.

 

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