Call Bearing Commercial Appraisal to order appraisals for El Paso foreclosures

Foreclosure and REO Appraisal in El Paso County

Properties in foreclosure and homes that have reverted to the lender's holding create specific appraisal difficulties.

It's important to ascertain the meanings of "market value" and a "quick disposition" price to analyze what losses you might sustain when dealing with a property in foreclosure. Bearing Commercial Appraisal has the training in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your pressing needs.

The professionals at Bearing Commercial Appraisal have the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Bearing Commercial Appraisal.

Occupants of property in foreclosure may be opposed to allowing an inspection of the property, thus presenting special challenges. They may have moved out of the home already and/or ignored the care of the house for awhile - or in some cases damaged the property.

For real estate that has already gone back to REO, you probably will want it off your hands as quickly as possible. Regardless, you'll still want to consider three ways of figuring the value of the asset:

  • As Repaired. Value with the repairs necessary to make the home marketable at full market value - consistent with competing real estate in the area
  • As-is. The value of the home without any work performed
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to offload the property quickly, possibly as a "fixer-upper"
Again, we understand your urgency and the unique circumstances of a Real Estate Owned house, as well as the unique data you will need - competing listings, market trends, and so forth. You can count on Bearing Commercial Appraisal to handle the appraisal of your REO professionally and efficiently. Contact us today.