Call Carley Appraisals to order appraisals for Comal foreclosures

Foreclosure and REO Appraisals in Comal County

Real Estate in foreclosure and houses that have returned to the bank's holding bring forth special appraisal challenges.

When there is a home in foreclosure, it's important to ascertain market value versus a "quick disposition" value to evaluate your possible charge-off liability. At Carley Appraisals, we have the background in both providing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that consider your time line.

We have the experience to work with the particular dynamics of a foreclosure appraisal. Contact Carley Appraisals for a company you can trust.

Special challenges may be present when dealing with owners of houses in foreclosure. They may be disinclined to allow an inspection of the property. Sometimes the subjects have been ransacked, often at the hands of the former residents. Or, it's likely you'll discover a house at least abandoned or the home neglected for long periods of time.

For a property that has already gone back to bank owned, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of determining the value of the subject property:

  • As Repaired. Possible market value with the repairs required to make the property marketable at full market value - comparable with other real estate in the neighborhood
  • As-is. The market value of the home without any repairs done to it
  • Quick sale. With minor investment in repairs - to sell the home quickly, probably as a "fixer-upper"
Again, we understand your time line and the unique situation of an REO home, as well as the special data you'll need - competing listings, neighborhood trends, and the like. You can rely on Carley Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.