Phoenix Valuations, LLC is a company you can trust when it comes to bank owned properties in Maricopa
Homes that have reverted to the institution's ownership and properties in foreclosure present various appraisal problems.
When there is a home in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" value to know your likely charge-off liability. Phoenix Valuations, LLC has the experience in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company with the expertise to handle the unique dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can count on.
Specific challenges can be present when working with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the property. They might have abandoned the property already and/or neglected care of the house for awhile - or gone as far as vandalized the house.
For real estate that has changed to Real Estate Owned, you typically will want to get rid of it quickly . However, you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs necessary to make the property marketable at full market value consistent with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of an REO house, in addition to the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Phoenix Valuations, LLC to handle the task of your REO with expertise and professionalism. Contact us today.