Anew Real Estate Appraisal is experienced when it comes to bank owned properties in Dallas CountyHomes in foreclosure and properties that have reverted to the bank's ownership present various appraisal challenges.
When dealing with a property in foreclosure, it's important to know market value versus a "quick disposition" value to evaluate your likely charge-off liability. The professionals at Anew Real Estate Appraisal can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time constraints.
Owners of homes in foreclosure, of course, can present particular challenges: For example, they might be opposed to allowing the appraiser access to the house. They could have abandoned the house already and/or neglected care of the house for quite awhile - or gone as far as vandalized the home.
You'll be interested in a speedy disposition if the home has changed to REO. So you may want to understand and examine three values: "as-is", "as repaired", and "quick sale". These correspond to: