Real Estate Owned and Foreclosure Appraisal in Maricopa County
Properties that have reverted to the bank's holding and homes in foreclosure present special appraisal difficulties.
For a house in foreclosure, you need to know the gap between fair market worth and "quick disposition" price to know your possible charge-off liability. Phoenix Valuations, LLC has the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your urgency.
We have the training to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Phoenix Valuations, LLC.
Occupants of in foreclosure may be opposed to allowing an inspection of the home, thus presenting specific challenges. If they left the property already, they may have neglected care of the home for awhile - or worse, ransacked the property.
For real estate that has already changed to REO, you most likely will be seeking a speedy disposition . However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs performed, with the repairs due to make the home marketable at full market value consistent with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special situation of a Real Estate Owned home, in addition to the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Phoenix Valuations, LLC to handle the appraisal of your REO with expertise and professionalism. Contact us today.