Foreclosure Appraisal in Hunt CountyThere are specific appraisal difficulties for a house in foreclosure or one that has returned to the lender's holding. When there is a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" value to analyze your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your timeline. The professionals at Timely Appraisal Services have the expertise to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Timely Appraisal Services. Unique challenges may be present when working with owners of property in foreclosure. They may be unwilling to allow an inspection of the home. Often the houses show signs of vandalism, unfortunately at the hands of the former residents themselves. Or, it's likely you'll discover nobody has lived in house for months or the home neglected for extended periods of time. For real estate that has already returned to REO, you most likely will be going for a quick resolution . However, you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the work required to make the house marketable at full market value consistent with the other houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your time line and the specific situation of a bank owned property, as well as the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Timely Appraisal Services to take on the task of your REO professionally and efficiently. Contact us today. |