Summers & Associates LLC is a company you can trust when you need appraisals for bank owned properties in Fort WayneThere are unique appraisal challenges when we're talking about a property in foreclosure or one that has reverted to the bank's control. For a house in foreclosure, you might need to know the gap between fair market worth and "quick disposition" worth to know your probable charge-off liability. Summers & Associates LLC has the background in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line. You need a company who has the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Summers & Associates LLC. Owners of properties in foreclosure, of course, can present special challenges. They may be disinclined to allow an inspection of the house. If they have abandoned the home already, they may have overlooked the care of the house for quite some time - or unfortunately, ransacked the home. If your house has changed to Real Estate Owned, you will interested in a fast disposition. However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the repairs necessary to make the home marketable at full market value corresponding with the other real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific circumstances of a Real Estate Owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Summers & Associates LLC to handle the task of your REO professionally and efficiently. Contact us today. |