Foreclosure and Real Estate Owned Appraisals in Maricopa CountyThere are specific appraisal difficulties when we're talking about a property in foreclosure or one that has gone back to the institution's ownership. For a house in foreclosure, you need to recognize the gap between fair market value and "quick disposition" price to know your potential charge-off liability. West Valley Appraisal Services has the knowledge in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints. The professionals at West Valley Appraisal Services have the training to deal with the specific dynamics of a foreclosure appraisal. Contact West Valley Appraisal Services for a company you can trust. Occupants of houses in foreclosure may be disinclined to allow an inspection of the property, thus presenting special challenges. If they moved out of the house already, they may have neglected care of the home for quite some time - or even worse, caused damage to the house. For a house that has already gone back to Real Estate Owned, you typically will want to get rid of it quickly . However, you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the repairs required to make the home marketable at full market value consistent with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique circumstances of a bank owned house, in addition to the specific information you will need -- competing listings, market trends, and the like. You can count on West Valley Appraisal Services to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |