Real Estate Owned Appraisal in Maricopa County
There are special appraisal problems when we're talking about a house in foreclosure or one that has gone back to the financial institution's control.
For a home in foreclosure, you need to know the difference between fair market worth and "quick disposition" worth to know your potential charge-off liability. At Phoenix Valuations, LLC, we have the background in both supplying snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at Phoenix Valuations, LLC have the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can count on.
Owners of homes in foreclosure might be opposed to allowing an inspection of the property, thus presenting specific challenges. They may have moved out of the house already and/or ignored the care of the property for quite some time - or worse, damaged the house.
You'll be interested in an expedited disposition if the property has reverted to Real Estate Owned. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs needed to make the property marketable at full market value commensurate with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO home, as well as the specific information you will need -- competing listings, neighborhood trends, and so forth. You can count on Phoenix Valuations, LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.