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Call Courtright & Associates, Inc. to discuss appraisals for El Paso foreclosures

REO Appraisals in El Paso County

Houses that have returned to the bank's ownership and houses in foreclosure present particular appraisal problems.

For a property in foreclosure, you should understand the difference between the market value and a "quick disposition" assessment to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.

Courtright & Associates, Inc. has the qualifications to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Courtright & Associates, Inc..

Particular challenges may be present when working with owners of properties in foreclosure. They may be unwilling to allow an inspection of the home. Often the subjects have been ransacked, unfortunately at the hands of the residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home languishing in disrepair for extended periods of time.

If you're dealing with home that has already reverted to REO, you will interested in a fast disposition. However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale". These symbolize:

  • The value of the property without any repairs done to it
  • Possible value with the work necessary to make the home marketable at full market value - comparable with competing homes in the area
  • Somewhere in the middle, with minimal investment in repairs - to sell the home quickly, probably as a "fixer-upper"
Again, we understand your time line and the special circumstances of a Real Estate Owned home, in addition to the special data you will need - competing listings, neighborhood trends, and so forth. You can rely on Courtright & Associates, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.