Foreclosure and REO Appraisals in Maricopa County
There are various appraisal challenges when it comes to a property in foreclosure or one that has gone back to the financial institution's control.
For a property in foreclosure, you need to understand the gap between the fair market price and "quick disposition" price to know your likely charge-off liability. At Timeline Appraisal Services, LLC, we have the experience in both providing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your time line.
Timeline Appraisal Services, LLC has the training to work with the particular dynamics of a foreclosure appraisal. Contact Timeline Appraisal Services, LLC for a company you can count on.
Owners of property in foreclosure, of course, can present unique challenges. They could be disinclined to allow an inspection of the house. If they left the property already, they could have not taken care of the house for quite some time - or even worse, caused damage to the house.
For a home that has returned to Real Estate Owned, you probably will want to get rid of it quickly . However, you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the repairs due to make the property marketable at full market value comparable with the other houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the specific circumstances of a Real Estate Owned home, as well as the special data you will need -- competing listings, market trends, and so forth. You can rely on Timeline Appraisal Services, LLC to handle the task of your REO with expertise and professionalism. Contact us today.