![]() Real Estate Owned Appraisals in Dallas/Fort WorthThere are special appraisal challenges regarding a house in foreclosure or one that has returned to the lender's possession. It's important to understand the difference between fair market price and "quick disposition" value to know your probable write-down liability when dealing with a home in foreclosure. Kenny Jay Capital Corp has the training in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. You need a company with the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Kenny Jay Capital Corp for a company you can trust. Specific challenges may be present when working with owners of houses in foreclosure. They could be unwilling to allow an inspection of the house. They could have abandoned the house already and/or ignored the care of the property for quite some time - or worse, intentionally harmed the home. You will be interested in a fast disposition if the house has already reverted to Real Estate Owned. So you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work necessary to make the house marketable at full market value appropriate with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO property, in addition to the specific information you will need -- competing listings, market trends, and the like. You can bank on Kenny Jay Capital Corp to take on the task of your REO with expertise and professionalism. Contact us today. |