Foreclosure and Real Estate Owned Appraisals in Maricopa County
There are particular appraisal problems when it comes to a home in foreclosure or one that has returned to the institution's ownership.
When there is a home in foreclosure, it's important to know the difference between fair market value and "quick disposition" worth to analyze your potential charge-off liability. At Timeline Appraisal Services, LLC, we have the knowledge in both presenting snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your urgency.
We have the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Timeline Appraisal Services, LLC for a company you can rely on.
Occupants of homes in foreclosure could be opposed to allowing an inspection of the home, thus presenting unique challenges. If they abandoned the property already, they could have neglected care of the property for some time - or unfortunately, ransacked the property.
If your home has gone back to Real Estate Owned, you will interested in an expeditious disposition. However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the repairs due to make the home marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific situation of an REO house, in addition to the unique information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Timeline Appraisal Services, LLC to take on the task of your bank owned property with expertise and professionalism. Contact us today.