REO Appraisals in Maricopa CountyThere are unique appraisal challenges when we're talking about a house in foreclosure or one that has gone back to the lender's ownership. You need to know the difference between fair market worth and "quick disposition" value to analyze what losses you stand to realize when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line. Phoenix Valuations, LLC has the experience to handle the specific dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can trust. Occupants of properties in foreclosure could be unwilling to allow an inspection of the home, thus presenting particular challenges. If they abandoned the house already, they might have not taken care of the home for quite awhile - or worse, caused damage to the house. If your property has already changed to Real Estate Owned, you will interested in a fast disposition. However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the work needed to make the home marketable at full market value corresponding with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special situation of a bank owned property, as well as the unique information you'll need -- competing listings, market trends, and the like. You can rely on Phoenix Valuations, LLC to take on the task of your bank owned property professionally and efficiently. Contact us today. |