JC Reynolds Appraisals, Inc. is the company you should trust when you need appraisals for bank owned properties in Dallas/Ft Worth and surrounding areasHomes that have gone back to the institution's control and homes in foreclosure present specific appraisal challenges.
For a house in foreclosure, you need to recognize the gap between market value and a "quick disposition" assessment to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
Owners of houses in foreclosure can present specific challenges. They may be opposed to allowing the appraiser access to the home. They might have left the property already and/or ignored the care of the house for some time - or even worse, caused damage to the property.
You'll be interested in a quick disposition if the home has already changed to Real Estate Owned. So you may want to know about and review three values: "as-is", "as repaired", and "quick sale". These symbolize: