Herbst Real Estate Services, Inc. is the company you should trust when it comes to foreclosures in Lampasas CountyThere are unique appraisal problems regarding a home in foreclosure or one that has returned to the financial institution's control.For a house in foreclosure, you need to recognize the gap between market price and a "quick disposition" value to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line.
Specific challenges may be present when dealing with owners of properties in foreclosure. They might be opposed to allowing an inspection of the home. They might have deserted the property already and/or ignored the care of the house for some time - or unfortunately, ransacked the home.
For a property that has already gone back to Real Estate Owned, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for looking at the value of the real estate at hand: |