REO and Foreclosure Appraisal in Maricopa County
Houses that have reverted to the financial institution's holding and houses in foreclosure present special appraisal difficulties.
You need to differentiate the difference between fair market price and "quick disposition" worth to know your possible charge-off liability when dealing with a property in foreclosure. At Maven Appraisal Services, we have the training in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
We have the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Maven Appraisal Services for a company you can count on.
Owners of property in foreclosure, of course, can present special challenges. They may be unwilling to allow an inspection of the home. If they moved out of the home already, they could have not taken care of the property for awhile - or even worse, ransacked the property.
If your home has already changed to Real Estate Owned, you will interested in a fast disposition. However, you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs needed to make the property marketable at full market value appropriate with competing homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned home, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Maven Appraisal Services to take on the task of your REO with expertise and professionalism. Contact us today.