REO Appraisal in Maricopa County
There are special appraisal problems when we're talking about a house in foreclosure or one that has gone back to the bank's holding.
When dealing with a home in foreclosure, you should understand the difference between fair market value and "quick disposition" worth to analyze your possible charge-off liability. At Timeline Appraisal Services, LLC, we have the background in both producing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your urgency.
Timeline Appraisal Services, LLC has the experience to work with the special dynamics of a foreclosure appraisal. Contact Timeline Appraisal Services, LLC for a company you can rely on.
Occupants of houses in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting unique challenges. Often the homes show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
For real estate that has already returned to Real Estate Owned, you probably will be going for a speedy disposition . But you may want to know about and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs required to make the property marketable at full market value corresponding with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique situation of an REO property, in addition to the special information you will need -- competing listings, market trends, and so forth. You can count on Timeline Appraisal Services, LLC to take on the appraisal of your REO with expertise and professionalism. Contact us today.