REO Appraisal in Hunt County
Properties in foreclosure and houses that have gone back to the financial institution's holding create special appraisal problems.
It's vital to know the difference between fair market worth and "quick disposition" value to know your probable charge-off liability when dealing with a home in foreclosure. The professionals at Timely Appraisal Services can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
We have the training to handle the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Timely Appraisal Services.
Owners of dwellings in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting particular challenges. If they abandoned the home already, they could have ignored the care of the home for some time - or unfortunately, caused damage to the home.
For real estate that has already changed to Real Estate Owned, you probably will be interested in a quick resolution . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the repairs required to make the property marketable at full market value comparable with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special situation of a bank owned home, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can count on Timely Appraisal Services to handle the task of your REO with expertise and professionalism. Contact us today.