Foreclosure and REO Appraisal in Maricopa County
Homes in foreclosure and properties that have gone back to the institution's ownership create particular appraisal challenges.
When dealing with a property in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" worth to analyze your probable charge-off liability. Timeline Appraisal Services, LLC has the experience in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.
The professionals at Timeline Appraisal Services, LLC have the expertise to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Timeline Appraisal Services, LLC.
Occupants of homes in foreclosure might be unwilling to allow an inspection of the house, thus presenting unique challenges. If they deserted the home already, they might have ignored the care of the property for a long time - or unfortunately, ransacked the home.
For a home that has returned to bank owned, you probably will be going for an expedited resolution . However, you may want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs required to make the home marketable at full market value commensurate with the other properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned property, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can count on Timeline Appraisal Services, LLC to take on the task of your REO professionally and efficiently. Contact us today.