Phoenix Valuations, LLC is experienced when it comes to foreclosures in Maricopa
Real Estate in foreclosure and houses that have reverted to the institution's control bring forth unique appraisal difficulties.
For a home in foreclosure, you may need to know the difference between fair market price and "quick disposition" worth to know your probable charge-off liability. At Phoenix Valuations, LLC, we have the training in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
We have the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can count on.
Occupants of dwellings in foreclosure could be unwilling to allow an inspection of the property, thus presenting particular challenges. If they deserted the property already, they may have neglected care of the property for a long time - or even worse, ransacked the house.
For real estate that has already gone back to REO, you typically will want to get rid of it quickly . But you may want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs called for to make the house marketable at full market value corresponding with the other houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned house, as well as the special information you will need -- competing listings, market trends, and the like. You can rely on Phoenix Valuations, LLC to take on the task of your bank owned property professionally and efficiently. Contact us today.