Hickmon Realty, Inc. is the company you should trust when you need appraisals for bank owned properties in Laverne, OklahomaHomes in foreclosure and properties that have reverted to the financial institution's holding create unique appraisal difficulties.
For a property in foreclosure, you need to recognize the gap between the market price and a "quick disposition" assessment to know your possible charge-off liability. At Hickmon Realty, Inc., we have the experience in both presenting snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that factor in your time constraints.
Special challenges can be present when dealing with owners of property in foreclosure. They could be disinclined to allow an inspection of the property. If they deserted the property already, they could have not taken care of the home for some time - or even worse, damaged the home.
For real estate that has already returned to bank 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: