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Call Nathan Wallace Appraisals when you need valuations regarding Houston foreclosures

Real Estate Owned and Foreclosure Appraisals in Houston County

Homes that have gone back to the bank's holding and homes in foreclosure create special appraisal difficulties.

For a home in foreclosure, you definitely need to understand the difference between market value and a "quick disposition" value to know your possible charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.

You need a company with the experience to handle the special dynamics of a foreclosure appraisal. Contact Nathan Wallace Appraisals for a company you can .

Occupants of homes in foreclosure may be disinclined to allow an inspection of the property, thus presenting unique challenges. They may have moved out of the home already and/or ignored the care of the home for a long time - or even worse, intentionally harmed the property.

For a home that has already changed to bank owned, you most likely will want to get rid of it quickly. Regardless, you'll still want to consider three ways of figuring the value of the subject property:

  • As Repaired. Possible market value with the work due to make the home marketable at full market value - in accordance with other real estate in the neighborhood
  • As-is. The market value of the property without any repairs done to it
  • Quick sale. With minimal investment in repairs - to sell the home quickly, most likely to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the special situation of an REO house, as well as the unique data you will need - competing listings, market trends, and so forth. You can bank on Nathan Wallace Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.