REO and Foreclosure Appraisals in Maricopa County
Houses in foreclosure and properties that have returned to the lender's holding present various appraisal difficulties.
For a home in foreclosure, you may need to know the gap between fair market worth and "quick disposition" price to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
We have the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Allstate Appraisal, Inc. .
Unique challenges may be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the property. They may have moved out of the house already and/or ignored the care of the home for some time - or gone as far as caused damage to the property.
You will be interested in a speedy disposition if the house has changed to REO. So you need to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the work required to make the home marketable at full market value appropriate with competing properties in the area, and, somewhere in the middle, with minor 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 a bank owned house, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can bank on Allstate Appraisal, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.