Norman Appraisal Services is a company you can trust when you need appraisals for foreclosures in Manatee, Sarasota and Hillsboro counties.Properties in foreclosure and homes that have gone back to the institution's possession present special appraisal difficulties. You need to know the difference between fair market price and "quick disposition" worth to analyze your likely charge-off liability when dealing with a house in foreclosure. The professionals at Norman Appraisal Services can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line. You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Norman Appraisal Services. Owners of in foreclosure may be opposed to allowing an inspection of the home, thus presenting specific challenges. Sometimes the properties show signs of vandalism, often by the former residents. Or, it's common to find the previous owners have moved out or the home languishing in disrepair for long of time. You will be interested in a fast disposition if the home has changed to REO. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the repairs required to make the home marketable at full market value corresponding with the other real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned house, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can bank on Norman Appraisal Services to handle the task of your bank owned property professionally and efficiently. Contact us today. |