REO Appraisals in Maricopa County
There are special appraisal problems regarding a house in foreclosure or one that has reverted to the lender's ownership.
For a house in foreclosure, you might need to know the gap between fair market value and "quick disposition" value to know your possible charge-off liability. At Allstate Appraisal, Inc. , we have the training in both producing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
Allstate Appraisal, Inc. has the expertise to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Allstate Appraisal, Inc. .
Owners of homes in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the house. They could have moved out of the house already and/or ignored the care of the property for awhile - or unfortunately, ransacked the house.
If your house has already gone back to bank owned, you will interested in a quick disposition. However, you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the work required to make the home marketable at full market value commensurate with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the unique circumstances of an REO home, as well as the special information you will need -- competing listings, market trends, and the like. You can count on Allstate Appraisal, Inc. to handle the task of your bank owned property with expertise and professionalism. Contact us today.