Call Lone Star Appraisals when you need appraisals pertaining to Navarro foreclosures

Lone Star Appraisals is experienced when it comes to foreclosures in Corsicana, Texas

There are specific appraisal challenges when we're talking about a house in foreclosure or one that has gone back to the financial institution's control.

For a house in foreclosure, you should know the difference between the market and a "quick disposition" value to know your probable charge-off liability. Lone Star Appraisals has the experience in both presenting snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your urgency.

The professionals at Lone Star Appraisals have the expertise to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Lone Star Appraisals.

Occupants of property in foreclosure may be disinclined to allow an inspection of the property, thus presenting unique challenges. If they deserted the house already, they may have overlooked the care of the property for quite some time - or even worse, ransacked the home.

For real estate that has reverted to bank owned, you probably will want to get rid of it quickly. In any case, you'll still want to consider three angles for determining the value of the subject property:

  • As Repaired. Possible market value with the repairs necessary to make the home marketable at full market value - appropriate with other homes in the area
  • As-is. The market value of the home without any work done to it
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to offload the property quickly, likely to someone inclined to finish the job themselves
Again, we understand your timeline and the special circumstances of a bank owned house, as well as the special data you'll need - competing listings, market trends, and the like. You can count on Lone Star Appraisals to take on the task of your REO professionally and efficiently. Contact us today.