profile picture

English Spanish

Call Anew Real Estate Appraisal to order appraisals of Dallas foreclosures

Anew Real Estate Appraisal is experienced when it comes to bank owned properties in Dallas County

Homes 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.

You need a company with the training to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Anew Real Estate Appraisal.

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:

  • The value of the home without any repairs done to it
  • Value with the repairs required to make the home marketable at full market value - comparable with other homes in the area
  • With minor investment in repairs - to offload the property quickly, possibly to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the unique circumstances of a Real Estate Owned house, as well as the unique information you'll need - competing listings, market trends, and so forth. You can rely on Anew Real Estate Appraisal to take on the task of your REO professionally and efficiently. Contact us today.