Foreclosure and Real Estate Owned Appraisal in Maricopa County
Houses in foreclosure and houses that have reverted to the financial institution's possession present particular appraisal challenges.
It's vital to recognize the difference between fair market price and "quick disposition" value to evaluate your likely charge-off liability when dealing with a house in foreclosure. Phoenix Valuations, LLC has the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
Phoenix Valuations, LLC has the training to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Phoenix Valuations, LLC.
Owners of homes in foreclosure, of course, can present unique challenges. They may be disinclined to allow an inspection of the home. If they left the home already, they may have not taken care of the home for quite some time - or even worse, ransacked the house.
You'll be interested in an expeditious disposition if the house has already gone back to Real Estate Owned. So you might want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the repairs necessary to make the house marketable at full market value comparable with the other properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO property, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Phoenix Valuations, LLC to handle the appraisal of your REO professionally and efficiently. Contact us today.