Foreclosure and Real Estate Owned Appraisal in Tulsa County
There are specific appraisal problems involved in a property in foreclosure or one that has gone back to the bank's possession.
You need to ascertain the difference between fair market value and "quick disposition" value to evaluate your probable charge-off liability when dealing with a home in foreclosure. The professionals at Brent Turney Inc. can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your timeline.
You need a company who has the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Brent Turney Inc..
Owners of in foreclosure may be opposed to allowing an inspection of the property, thus presenting specific challenges. If they left the home already, they could have overlooked the care of the house for awhile - or worse, damaged the house.
For a house that has reverted to REO, you likewise will be seeking an expedited resolution . However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the work needed to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your time line and the unique circumstances of an REO property, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Brent Turney Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.