Pinnacle Appraisal Group, LLC is experienced when it comes to bank owned properties in Hays CountyThere are special appraisal problems regarding a home in foreclosure or one that has returned to the financial institution's possession.
It's vital to differentiate the meanings of "market value" and a "quick disposition" value to analyze what losses you stand to have to endure when dealing with a property in foreclosure. The professionals at Pinnacle Appraisal Group, LLC can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line.
Owners of properties in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting specific challenges. Often the homes have been ransacked, often at the hands of the former residents. Or, it's common to discover a house at least abandoned or the home neglected for long periods of time.
For a home that has already returned to Real Estate Owned, you most likely will want to get rid of it quickly. In any case, you'll still want to consider three ways of figuring the value of the real estate at hand: