Foreclosure and REO Appraisal in Hunt CountyProperties in foreclosure and properties that have returned to the financial institution's holding present unique appraisal difficulties. It's key to differentiate the difference between fair market value and "quick disposition" price to analyze what losses you could have to endure when dealing with a house in foreclosure. At Timely Appraisal Services, we have the knowledge in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency. The professionals at Timely Appraisal Services have the expertise to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Timely Appraisal Services. Owners of property in foreclosure, of course, can present particular challenges. They might be unwilling to allow an inspection of the home. Often the homes have been intentionally damaged, unfortunately at the hands of the residents themselves. Or, it's likely you'll find the previous owners have moved out or the home neglected for extended periods of time. If your house has already returned to Real Estate Owned, you will interested in an expedited disposition. However, you may want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the work necessary to make the property marketable at full market value commensurate with the other real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned property, as well as the specific data you will need -- competing listings, market trends, and the like. You can count on Timely Appraisal Services to take on the task of your bank owned property professionally and efficiently. Contact us today. |