Call Certified Appraisals, Inc. when you need valuations pertaining to El Paso foreclosures

Foreclosure Appraisals in El Paso County

Houses in foreclosure and homes that have gone back to the financial institution's possession create various appraisal challenges.

When dealing with a home in foreclosure, it's important to know market value versus a "quick disposition" value to know your possible charge-off liability. At Certified Appraisals, Inc., we have the background in both supplying snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that factor in your pressing needs.

You need a company who has the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Certified Appraisals, Inc. for a company you can trust.

Special challenges might be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home. They may have moved out of the home already and/or overlooked the care of the property for a long time - or even worse, caused damage to the house.

For real estate that has already gone back to REO, you may want to know about and review the definitions of "as-is", "as repaired", and "quick sale" values. These correspond to:

  • The value of the home without any repairs done to it
  • Value with the repairs needed to make the home marketable at full market value - in accordance with other properties in the neighborhood
  • Somewhere in between, with minimal investment in repairs - to offload the property quickly, possibly as a "fixer-upper"
You can rely on Certified Appraisals, Inc. to handle the appraisal of your REO/Foreclosure professionally and efficiently. Contact us today.