Capitol Valuation Group is the company you should trust when it comes to foreclosures in Austin, TexasHomes that have reverted to the institution's possession and houses in foreclosure create unique appraisal problems.
It's important to recognize the meanings of "market value" and a "quick disposition" value to evaluate what losses you might have to endure when dealing with a home in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
Owners of houses in foreclosure, of course, can present unique challenges. They might be uncooperative when it comes to allowing the appraiser access to the house. Sometimes the properties have been vandalized, unfortunately by the residents themselves. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for extended periods of time.
You will be interested in a speedy disposition if the home has returned to Real Estate Owned. So you need to know and compare three values: "as-is", "as repaired", and "quick sale". These represent: