Phoenix Valuations, LLC is a company you can trust when you need appraisals for foreclosures in Scottsdale
Houses that have returned to the institution's holding and houses in foreclosure create various appraisal problems.
For a house in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" price to know your possible charge-off liability. The professionals at Phoenix Valuations, LLC can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
The professionals at Phoenix Valuations, LLC have the expertise to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Phoenix Valuations, LLC.
Occupants of property in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting special challenges. Often the homes have been vandalized, unfortunately by the residents themselves. Or, it's common to find the residents have moved out or the home neglected for extended periods of time.
You'll be interested in an expeditious disposition if the home has returned to bank owned. So you need to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs performed, with the work needed to make the property marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned property, 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 with expertise and professionalism. Contact us today.