Tim Norris & Associates is a company you can trust when it comes to bank owned properties in HuntertownThere are special appraisal problems when we're talking about a house in foreclosure or one that has returned to the bank's possession. When dealing with a house in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" worth to evaluate your potential charge-off liability. Tim Norris & Associates has the training in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time line. The professionals at Tim Norris & Associates have the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Tim Norris & Associates. Owners of dwellings in foreclosure could be disinclined to allow an inspection of the home, thus presenting special challenges. Sometimes the subjects have been intentionally damaged, often at the hands of the residents. Or, it's likely you'll discover nobody has occupied the house for months or the home neglected for extended periods of time. For real estate that has already returned to Real Estate Owned, you most likely will be going for a speedy disposition . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the repairs due to make the property marketable at full market value appropriate with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique situation of a Real Estate Owned house, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can bank on Tim Norris & Associates to take on the task of your REO with expertise and professionalism. Contact us today. |