Call Curiel Appraisal Service when you need appraisals pertaining to El Paso foreclosures

Foreclosure Appraisal in El Paso County

Houses that have returned to the bank's control and properties in foreclosure create various appraisal difficulties.

When dealing with a property in foreclosure, it's important to ascertain market value versus a "quick disposition" price to evaluate your likely charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your time constraints.

You need a company who has the training to handle the unique dynamics of a foreclosure appraisal. Contact Curiel Appraisal Service for a company you can count on.

Owners of homes in foreclosure can present unique challenges: They may be unwilling to allow the appraiser access to the house. Often the properties show signs of vandalism, unfortunately by the former residents themselves. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for long periods of time.

For real estate that has already changed to REO, you probably will be going for a quick resolution. Regardless, you'll still want to consider three ways of determining the value of the subject property:

  • As Repaired. Possible market value with the repairs necessary to make the home marketable at full market value - comparable with other homes in the neighborhood
  • As-is. The value of the property without any work done to it
  • Quick sale. With minor investment in repairs - to get rid of the property quickly, likely to someone who'd rather finish the job themselves
Again, we understand your time line and the special circumstances of an REO property, in addition to the unique data you will need - competing listings, market trends, and the like. You can rely on Curiel Appraisal Service to take on the appraisal of your REO with expertise and professionalism. Contact us today.