Foreclosure Appraisal in Maricopa County
Houses that have returned to the institution's possession and properties in foreclosure bring forth unique appraisal problems.
When there is a property in foreclosure, it's important to ascertain the difference between fair market value and "quick disposition" price to know your possible charge-off liability. Desert Sky Appraisers has the training in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
Desert Sky Appraisers has the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Desert Sky Appraisers.
Occupants of properties in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting unique challenges. Sometimes the subjects have been ransacked, often at the hands of the residents. Or, it's common to find a house at least abandoned or the home languishing in disrepair for extended periods of time.
If your home has already changed to Real Estate Owned, you will interested in a fast disposition. But you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the repairs required to make the home marketable at full market value comparable with similar real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the special circumstances of a bank owned home, in addition to the specific data you will need -- competing listings, market 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.