Eady & Associates llc. is experienced when it comes to foreclosures in Chattanooga, TennesseeReal Estate in foreclosure and properties that have gone back to the financial institution's ownership present various appraisal problems.
When dealing with a house in foreclosure, it's important to differentiate market value versus a "quick disposition" price to evaluate your likely charge-off liability. The professionals at Eady & Associates llc. can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
Particular challenges can be present when working with owners of homes in foreclosure. They could be disinclined to allow an inspection of the property. Often the homes have been vandalized, unfortunately at the hands of the former residents. Or, it's common to discover the families have moved out or the home languishing in disrepair for extended periods of time.
You'll be interested in an expedited disposition if the property has already changed to bank owned. So you may want to know about and compare three values: "as-is", "as repaired", and "quick sale". These correspond to: