Jim Audas, Jr. is experienced when it comes to bank owned properties in Montgomery County

For a home in foreclosure, you would be wise to understand the gap between market price and a "quick disposition" value to know your probable charge-off liability. At Jim Audas, Jr., we have the experience in both supplying snapshots of market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that consider your pressing needs.

	You need a company who has the experience to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Jim Audas, Jr..

Owners of homes in foreclosure, of course, can present specific challenges. For example, they might be disinclined to allow an inspection of the property. Sometimes the homes have been ransacked, unfortunately at the hands of the residents. Or, it's likely you'll find the residents have moved out or the home neglected for extended periods of time.

For a property that has reverted to REO, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of determining the value of the asset:

• As Repaired. Value with the work called for to make the home marketable at full market value - appropriate with competing real estate in the area
• As-is. The market value of the property without any repairs done to it
• Quick sale. Somewhere in the middle, with minor investment in repairs - to sell the home quickly, likely to someone inclined to finish the job themselves