Call Southwest Appraisal to order valuations regarding Otero foreclosures

Southwest Appraisal is the company you should trust when you need appraisals for bank owned properties in Alamogordo, New Mexico

There are special appraisal difficulties when we're talking about a property in foreclosure or one that has gone back to the lender's possession.

For a home in foreclosure, you would be wise to understand the difference between market and a "quick disposition" to know your potential charge-off liability. Southwest Appraisal has the experience in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.


	You need a company with the experience to handle the special dynamics of a foreclosure appraisal. For a company you can trust, contact Southwest Appraisal.

Specific challenges might be present when dealing with owners of houses in foreclosure. They might be opposed to allowing an inspection of the property. If they deserted the property already, they might have overlooked the care of the house for quite some time - or worse, caused damage to the home.

For a property that has reverted to bank owned, you probably will be seeking a fast resolution. But you may want to understand and analyze the meanings of "as-is", "as repaired", and "quick sale" values. These represent:

The value of the property without any repairs done to it
Possible value with the work necessary to make the property marketable at full market value - in accordance with similar houses in the neighborhood

Somewhere in between, with minimal investment in repairs - to offload the property quickly, most likely as a "fixer-upper"

Again, we understand your urgency and the special circumstances of a Real Estate Owned house, as well as the specific information you'll need - competing listings, market trends, and so forth. You can bank on Southwest Appraisal to handle the task of your REO professionally and efficiently. Contact us today.