Foreclosure and REO Appraisals in Maricopa County
Homes that have reverted to the bank's possession and houses in foreclosure bring forth specific appraisal challenges.
When dealing with a house in foreclosure, you should understand the difference between fair market value and "quick disposition" value to evaluate your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints.
We have the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact ASAP Appraisal Services, Inc..
Special challenges might be present when dealing with owners of houses in foreclosure. They may be disinclined to allow an inspection of the property. They might have abandoned the house already and/or overlooked the care of the property for quite some time - or even worse, caused damage to the house.
You'll be interested in an expedited disposition if the home has returned to bank owned. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the work called for to make the home marketable at full market value appropriate with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned home, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can rely on ASAP Appraisal Services, Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.