Call Farmer Appraisal Services to order valuations of Midland foreclosures

Farmer Appraisal Services is experienced when you need appraisals for foreclosures in Midland, Texas

Houses in foreclosure and homes that have reverted to the bank's possession bring forth special appraisal challenges.

When dealing with a house in foreclosure, it's important to differentiate market value versus a "quick disposition" value to evaluate your likely charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.

You need a company with the experience to handle the particular dynamics of a foreclosure appraisal. Contact Farmer Appraisal Services for a company you can rely on.

Owners of houses in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting particular challenges. Sometimes the houses have been vandalized, often at the hands of the former residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for extended periods of time.

For real estate that has reverted to REO, you most likely will be going for a speedy disposition. But you may want to know about and examine three values - "as-is", "as repaired", and "quick sale". These symbolize:

  • The value of the house without any repairs performed
  • Possible value with the repairs necessary to make the house marketable at full market value - comparable with other houses in the neighborhood
  • Somewhere in between, with minimal investment in repairs - to get rid of the home quickly, probably to someone inclined to finish the job themselves
Again, we understand your timeline and the special circumstances of a bank owned house, as well as the unique information you'll need - competing listings, market trends, and the like. You can count on Farmer Appraisal Services to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.