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Call Russell Appraisal Service when you need valuations of Travis foreclosures

Foreclosure Appraisals in Travis County

Houses in foreclosure and houses that have returned to the financial institution's ownership present particular appraisal difficulties.

When dealing with a home in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" worth to evaluate your probable charge-off liability. Russell Appraisal Service has the experience in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.

We have the training to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Russell Appraisal Service.

Owners of property in foreclosure could be unwilling to allow an inspection of the property, thus presenting particular challenges. If they left the home already, they could have overlooked the care of the home for some time - or even worse, caused damage to the property.

If your property has changed to bank owned, you will interested in a speedy disposition. However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the repairs necessary to make the home marketable at full market value commensurate with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique situation of an REO property, in addition to the special data you'll need -- competing listings, neighborhood trends, and the like. You can count on Russell Appraisal Service to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.