Foreclosure Appraisal in Tulsa County
There are unique appraisal challenges involved in a house in foreclosure or one that has gone back to the bank's ownership.
It's key to ascertain the difference between fair market value and "quick disposition" price to analyze what losses you stand to have to endure when dealing with a property in foreclosure. The professionals at Brent Turney Inc. can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
You need a company who has the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact Brent Turney Inc. for a company you can rely on.
Owners of homes in foreclosure, of course, can present special challenges. They could be disinclined to allow an inspection of the property. If they left the house already, they may have not taken care of the property for some time - or worse, ransacked the property.
You will be interested in an expedited disposition if the house has already reverted to Real Estate Owned. So you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the work necessary to make the home marketable at full market value comparable with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific situation of a bank owned house, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Brent Turney Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.