Foreclosure and REO Appraisal in Maricopa County
There are various appraisal problems regarding a home in foreclosure or one that has returned to the institution's holding.
For a home in foreclosure, you should know the gap between the fair market and "quick disposition" worth to know your probable charge-off liability. At Timeline Appraisal Services, LLC, we have the experience in both furnishing snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the qualifications to handle the particular dynamics of a foreclosure appraisal. Contact Timeline Appraisal Services, LLC for a company you can trust.
Unique challenges may be present when working with owners of homes in foreclosure. They might be disinclined to allow an inspection of the property. Often the subjects have been ransacked, unfortunately by the former residents themselves. Or, it's common to discover the residents have moved out or the home languishing in disrepair for long of time.
If your property has changed to bank owned, you will interested in a fast disposition. However, you might want to know and compare 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 repairs needed to make the house marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of a bank owned home, in addition to the unique data you will need -- competing listings, market trends, and the like. You can bank on Timeline Appraisal Services, LLC to handle the task of your bank owned property with expertise and professionalism. Contact us today.