REO and Foreclosure Appraisal in Maricopa County
Homes in foreclosure and homes that have returned to the bank's holding bring forth unique appraisal difficulties.
When there is a property in foreclosure, you should differentiate the difference between fair market price and "quick disposition" price to know your potential charge-off liability. Allstate Appraisal, Inc. has the background in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.
Allstate Appraisal, Inc. has the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Allstate Appraisal, Inc. for a company you can rely on.
Owners of property in foreclosure, of course, can present particular challenges. They may be opposed to allowing an inspection of the property. They could have left the property already and/or ignored the care of the house for awhile - or gone as far as ransacked the property.
You will be interested in an expeditious disposition if the house has reverted to bank owned. So you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the work necessary to make the property marketable at full market value consistent with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique circumstances of a Real Estate Owned home, as well as the specific information you will need -- competing listings, market trends, and the like. You can rely on Allstate Appraisal, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.