Tradewinds Appraisals, LLC is experienced when you need appraisals for bank owned properties in Galveston, TexasProperties in foreclosure and properties that have reverted to the institution's ownership bring forth various appraisal problems.
For a house in foreclosure, you definitely need to recognize the gap between the market price and a "quick disposition" to know your likely charge-off liability. The professionals at Tradewinds Appraisals, LLC can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency.
Owners of houses in foreclosure, of course, can present specific challenges. For example, they could be unwilling to allow us access to the house. If they moved out of the property already, they could have overlooked the care of the home for a long time - or worse, ransacked the property.
For real estate that has changed to REO, you typically will want it off your hands as quickly as possible. However, you may want to know about and analyze three values - "as-is", "as repaired", and "quick sale". These correspond to: