Phoenix Valuations, LLC is a company you can trust when it comes to foreclosures in Maricopa
There are various appraisal difficulties when we're talking about a home in foreclosure or one that has reverted to the bank's holding.
When dealing with a home in foreclosure, you should understand the difference between fair market value and "quick disposition" value to evaluate your probable charge-off liability. Phoenix Valuations, LLC has the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
We have the experience to work with the special dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can rely on.
Occupants of property in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting special challenges. Often the homes have been vandalized, often at the hands of the former residents. Or, it's likely you'll find the previous owners have moved out or the home neglected for long of time.
For real estate that has already changed to bank owned, you probably will want to get rid of it quickly . But you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the work required to make the property marketable at full market value consistent with similar properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of an REO home, as well as the special data you will need -- competing listings, market trends, and the like. You can rely on Phoenix Valuations, LLC to handle the task of your REO professionally and efficiently. Contact us today.