Real Estate Owned Appraisals in Allen CountyProperties in foreclosure and houses that have gone back to the bank's possession create particular appraisal difficulties. You need to recognize the difference between fair market value and "quick disposition" value to analyze what losses you stand to sustain when dealing with a property in foreclosure. Tim Norris & Associates has the background in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line. The professionals at Tim Norris & Associates have the training to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Tim Norris & Associates. Unique challenges might be present when dealing with owners of houses in foreclosure. They may be opposed to allowing an inspection of the house. They could have abandoned the property already and/or ignored the care of the property for quite awhile - or in some cases vandalized the home. For real estate that has already returned to REO, you probably will be going for a speedy disposition . But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the work due to make the house marketable at full market value commensurate with competing real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a Real Estate Owned house, as well as the unique information you will need -- competing listings, market trends, and the like. You can bank on Tim Norris & Associates to handle the task of your REO professionally and efficiently. Contact us today. |