Northern Arizona Appraisal, Inc. is experienced when it comes to foreclosures in Phoenix Metro and Northern Arizona, ArizonaHomes in foreclosure and homes that have returned to the lender's possession bring forth special appraisal problems.
For a home in foreclosure, you would be wise to recognize the difference between the market value and a "quick disposition" to know your probable charge-off liability. At Northern Arizona Appraisal, Inc., we have the knowledge in both furnishing snapshots of market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that consider your urgency.
Owners of dwellings in foreclosure might be unwilling to allow an inspection of the property, thus presenting special challenges. If they moved out of the home already, they could have ignored the care of the house for quite awhile - or unfortunately, caused damage to the home.
If you're dealing with property that has already changed to bank owned, you will interested in a quick disposition. But you might want to know about and examine three values: as-is, as repaired, and "quick sale". These represent: