REO and Foreclosure Appraisals in Maricopa CountyProperties in foreclosure and houses that have gone back to the lender's holding present unique appraisal challenges. It's important to differentiate the difference between fair market worth and "quick disposition" worth to know what losses you could have to endure when dealing with a property in foreclosure. Northern Arizona Appraisal, Inc. has the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time line. Northern Arizona Appraisal, Inc. has the training to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Northern Arizona Appraisal, Inc.. Special challenges can be present when dealing with owners of properties in foreclosure. They might be disinclined to allow an inspection of the property. Often the houses have been intentionally damaged, unfortunately at the hands of the former residents themselves. Or, it's likely you'll find nobody has occupied the house for months or the home languishing in disrepair for extended periods of time. You'll be interested in a speedy disposition if the home has already reverted to REO. So you may want to know about and analyze 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 needed to make the home marketable at full market value appropriate with similar houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned property, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can rely on Northern Arizona Appraisal, Inc. to take on the task of your REO professionally and efficiently. Contact us today. |