REO Appraisals in Maricopa County
Properties that have reverted to the financial institution's control and homes in foreclosure bring forth particular appraisal challenges.
When there is a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" worth to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
Timeline Appraisal Services, LLC has the training to work with the specific dynamics of a foreclosure appraisal. Contact Timeline Appraisal Services, LLC for a company you can trust.
Owners of properties in foreclosure could be unwilling to allow an inspection of the house, thus presenting specific challenges. They may have moved out of the house already and/or overlooked the care of the house for awhile - or unfortunately, vandalized the property.
If your house has changed to bank owned, you will interested in a fast disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work needed to make the property marketable at full market value corresponding with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of a bank owned property, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Timeline Appraisal Services, LLC to take on the task of your REO with expertise and professionalism. Contact us today.