Foreclosure and Real Estate Owned Appraisals in Maricopa County
Real Estate in foreclosure and homes that have returned to the bank's holding create specific appraisal challenges.
For a home in foreclosure, you need to know the gap between the fair market and "quick disposition" price to know your possible charge-off liability. Desert Sky Appraisers has the knowledge in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your urgency.
You need a company who has the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Desert Sky Appraisers for a company you can rely on.
Occupants of houses in foreclosure might be unwilling to allow an inspection of the property, thus presenting particular challenges. If they moved out of the home already, they may have overlooked the care of the house for some time - or worse, damaged the home.
If your house has already returned to Real Estate Owned, you will interested in a quick disposition. But you may want to understand 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 work called for to make the property marketable at full market value comparable with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique circumstances of a bank owned home, as well as the special information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Desert Sky Appraisers to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.