Foreclosure Appraisal in Maricopa County
Houses in foreclosure and houses that have gone back to the lender's holding present unique appraisal challenges.
For a home in foreclosure, you may need to understand the difference between the fair market worth and "quick disposition" worth to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your timeline.
You need a company with the training to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Desert Sky Appraisers.
Occupants of homes in foreclosure could be disinclined to allow an inspection of the home, thus presenting special challenges. If they moved out of the house already, they could have neglected care of the home for awhile - or worse, ransacked the property.
You will be interested in a quick disposition if the house has already changed to Real Estate Owned. So you need to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the work necessary to make the property marketable at full market value commensurate with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the special situation of a bank owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can count on Desert Sky Appraisers to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.