Timeline Appraisal Services, LLC is a company you can trust when it comes to bank owned properties in Scottsdale
There are specific appraisal problems when we're talking about a property in foreclosure or one that has reverted to the financial institution's holding.
When dealing with a house in foreclosure, it's important to know the difference between fair market worth and "quick disposition" price to evaluate your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
You need a company with the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Timeline Appraisal Services, LLC.
Owners of property in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the property. They might have deserted the home already and/or ignored the care of the property for quite awhile - or even worse, caused damage to the property.
If your house has already gone back to REO, you will interested in a fast disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work required to make the home marketable at full market value comparable with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned home, as well as the special data you'll need -- competing listings, market trends, and so forth. You can bank on Timeline Appraisal Services, LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.