Hub City Appraisals is experienced when you need appraisals for bank owned properties in LubbockHomes that have gone back to the institution's ownership and properties in foreclosure create special appraisal challenges. When there is a property in foreclosure, it's important to ascertain the difference between fair market worth and "quick disposition" worth to know your potential charge-off liability. At Hub City Appraisals , we have the background in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline. You need a company who has the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Hub City Appraisals . Specific challenges can be present when dealing with owners of homes in foreclosure. They could be opposed to allowing an inspection of the home. Often the houses show signs of vandalism, often at the hands of the residents. Or, it's common to find the previous owners have moved out or the home neglected for extended periods of time. For a property that has already returned to bank owned, you most likely will be going for an expedited resolution . However, you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the repairs due to make the property marketable at full market value appropriate with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special circumstances of a Real Estate Owned house, in addition to the specific information you will need -- competing listings, neighborhood trends, and so forth. You can count on Hub City Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today. |