Real Estate Owned Appraisals in Hunt CountyHomes that have gone back to the financial institution's ownership and properties in foreclosure create various appraisal difficulties. When there is a property in foreclosure, it's important to know the difference between fair market worth and "quick disposition" price to analyze your potential charge-off liability. At Timely Appraisal Services, we have the background in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line. You need a company who has the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Timely Appraisal Services. Owners of property in foreclosure, of course, can present unique challenges. They might be uncooperative to allowing an inspection of the home. Sometimes the properties show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's likely you'll find the residents have moved out or the home neglected for long of time. For a home that has already returned to Real Estate Owned, you likewise will be going for a fast disposition . But you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the work needed to make the house marketable at full market value corresponding with the other houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique situation of a bank owned property, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Timely Appraisal Services to handle the task of your REO professionally and efficiently. Contact us today. |