REO and Foreclosure Appraisals in Hunt County
Homes that have reverted to the bank's ownership and homes in foreclosure bring forth unique appraisal difficulties.
When there is a house in foreclosure, it's important to know the difference between fair market value and "quick disposition" price to evaluate your possible charge-off liability. Timely Appraisal Services has the background in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
You need a company with the training to work with the unique 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 disinclined to allow an inspection of the home. They might have left the house already and/or overlooked the care of the house for a long time - or unfortunately, intentionally harmed the home.
For real estate that has returned to REO, you probably will be seeking a fast resolution . But 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 done to it, with the work necessary to make the home marketable at full market value commensurate with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special situation of a Real Estate Owned home, in addition to the special data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Timely Appraisal Services to handle the task of your REO professionally and efficiently. Contact us today.