Call Wells & Associates Appraisal Service when you need valuations regarding Harris foreclosures

Foreclosure and REO Appraisals in Harris County

There are specific appraisal challenges for a home in foreclosure or one that has returned to the institution's ownership.

When there is a home in foreclosure, you need to differentiate the difference between fair market price and "quick disposition" worth to evaluate your likely charge-off liability. Wells & Associates Appraisal Service has the experience in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints.

You need a company with the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Wells & Associates Appraisal Service.

Owners of houses in foreclosure, of course, can present particular challenges. They may be disinclined to allow an inspection of the property. Sometimes the houses have been ransacked, unfortunately at the hands of the former residents themselves. Or, it's common to discover a house at a minimum abandoned or the home languishing in disrepair for long of time.

If your home has changed to Real Estate Owned, you will interested in an expedited disposition. But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work called for to make the house marketable at full market value appropriate with similar houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of an REO house, as well as the specific data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Wells & Associates Appraisal Service to handle the task of your REO with expertise and professionalism. Contact us today.