Call John Fanning & Associates when you need appraisals on Taylor foreclosures

Real Estate Owned Appraisal in Taylor County

There are special appraisal difficulties regarding a home in foreclosure or one that has gone back to the lender's possession.

For a home in foreclosure, you need to recognize the gap between fair market value and "quick disposition" worth to know your potential charge-off liability. At John Fanning & Associates, we have the knowledge in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.

We have the expertise to handle the special dynamics of a foreclosure appraisal. Contact John Fanning & Associates for a company you can count on.

Special challenges may be present when working with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the property. They might have left the property already and/or neglected care of the property for some time - or in some cases damaged the home.

For real estate that has reverted to Real Estate Owned, you probably will want it off your hands as quickly as possible . But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work required to make the house marketable at full market value comparable with the other real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique situation of an REO home, as well as the specific data you'll need -- competing listings, market trends, and the like. You can rely on John Fanning & Associates to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.