Phoenix Valuations, LLC is experienced when it comes to foreclosures in Scottsdale
Properties that have returned to the institution's holding and homes in foreclosure bring forth specific appraisal problems.
When there is a home in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" worth to evaluate your likely charge-off liability. Phoenix Valuations, LLC has the experience in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
We have the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can count on.
Specific challenges might be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home. Sometimes the subjects have been ransacked, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover nobody has occupied the house for months or the home neglected for long of time.
You will be interested in a speedy disposition if the home has already gone back to bank owned. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the work needed to make the home marketable at full market value consistent with competing homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a Real Estate Owned property, as well as the special data you'll need -- competing listings, market trends, and the like. You can bank on Phoenix Valuations, LLC to handle the task of your bank owned property professionally and efficiently. Contact us today.