REO and Foreclosure Appraisal in Maricopa County
Real Estate in foreclosure and homes that have returned to the institution's holding present various appraisal difficulties.
When there is a home in foreclosure, it's important to ascertain the difference between fair market value and "quick disposition" value to evaluate your likely charge-off liability. Phoenix Valuations, LLC has the training in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your timeline.
We have the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Phoenix Valuations, LLC.
Owners of dwellings in foreclosure could be unwilling to allow an inspection of the house, thus presenting unique challenges. If they moved out of the house already, they may have not taken care of the house for some time - or unfortunately, ransacked the home.
For a home that has reverted to REO, you most likely will be interested in an expedited disposition . But you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the work called for to make the home marketable at full market value commensurate with similar properties 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 urgency and the specific situation of a Real Estate Owned property, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can rely on Phoenix Valuations, LLC to take on the task of your REO with expertise and professionalism. Contact us today.