REO Appraisal in Gloucester County

For a house in foreclosure, you should understand the difference between the market price and a "quick disposition" assessment to know your likely charge-off liability. Tim Spaulding & Associates has the background in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.

	You need a company with the training to handle the particular dynamics of a foreclosure appraisal. Contact Tim Spaulding & Associates for a company you can rely on.

Owners of properties in foreclosure, naturally, can present particular challenges. For example, they may be combative when it comes to allowing an inspection of the house. If they deserted the house already, they may have not taken care of the home for quite awhile - or even worse, damaged the home.

You will be interested in an expedited disposition if the property has changed to bank owned. So you might want to know and review three values: "as-is", "as repaired", and "quick sale". These represent:

• The value of the house without any repairs done to it
• Possible value with the repairs called for to make the house marketable at full market value - appropriate with other houses in the area
• With minimal investment in repairs - to offload the property quickly, most likely to someone inclined to finish the job themselves