Murray Appraisal Group is experienced when you need appraisals for bank owned properties in Katy, Texas

When there is a home in foreclosure, it's important to recognize market value versus a "quick disposition" assessment to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time constraints.

	Murray Appraisal Group has the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Murray Appraisal Group.

Occupants of properties in foreclosure could be opposed to allowing an inspection of the property, thus presenting unique challenges. If they moved out of the home already, they may have not taken care of the house for quite some time - or worse, damaged the home.

For a home that has already gone back 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 ways of determining the value of the asset:

• As Repaired. Possible market value with the repairs needed to make the property marketable at full market value - commensurate with competing properties in the area
• As-is. The value of the house without any work performed
• Quick sale. Somewhere in the middle, with minor investment in repairs - to sell the property quickly, probably as a "fixer-upper"