Real Estate Owned and Foreclosure Appraisal in Maricopa County
Properties that have gone back to the financial institution's holding and homes in foreclosure bring forth specific appraisal difficulties.
When dealing with a house in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" value to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your timeline.
Desert Sky Appraisers has the qualifications to deal with the unique dynamics of a foreclosure appraisal. Contact Desert Sky Appraisers for a company you can rely on.
Owners of property in foreclosure, of course, can present particular challenges. They may be uncooperative to allowing an inspection of the property. They could have moved out of the house already and/or ignored the care of the home for a long time - or gone as far as intentionally harmed the property.
You will be interested in a fast disposition if the house has changed to bank owned. So you need to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the repairs due to make the property marketable at full market value comparable with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a bank owned house, as well as the unique information you will need -- competing listings, market trends, and so forth. You can rely on Desert Sky Appraisers to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.