REO Appraisals in Maricopa CountyThere are specific appraisal difficulties for a property in foreclosure or one that has returned to the institution's ownership. For a home in foreclosure, you need to understand the gap between fair market and "quick disposition" value to know your likely charge-off liability. Phoenix Valuations, LLC has the experience in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your urgency. Phoenix Valuations, LLC has the training to deal with the particular dynamics of a foreclosure appraisal. Contact Phoenix Valuations, LLC for a company you can trust. Owners of dwellings in foreclosure could be unwilling to allow an inspection of the house, thus presenting special challenges. They might have moved out of the property already and/or overlooked the care of the house for a long time - or worse, damaged the home. If your property has reverted to REO, you will interested in an expeditious disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the repairs necessary to make the property marketable at full market value commensurate with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of an REO home, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can count on Phoenix Valuations, LLC to handle the task of your bank owned property professionally and efficiently. Contact us today. |