Northern Arizona Appraisal, Inc. is experienced when it comes to bank owned properties in MaricopaThere are particular appraisal difficulties when it comes to a house in foreclosure or one that has reverted to the institution's possession. For a house in foreclosure, you need to understand the gap between fair market worth and "quick disposition" value to know your likely charge-off liability. Northern Arizona Appraisal, Inc. has the background in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time line. You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. Contact Northern Arizona Appraisal, Inc. for a company you can trust. Special challenges may be present when working with owners of properties in foreclosure. They may be opposed to allowing an inspection of the property. They may have abandoned the home already and/or ignored the care of the home for quite some time - or unfortunately, vandalized the house. For real estate that has already returned to Real Estate Owned, you most likely will want to get rid of it quickly . However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the repairs necessary to make the home marketable at full market value consistent with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO property, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Northern Arizona Appraisal, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |