West Valley Appraisal Services is experienced when it comes to bank owned properties in Maricopa
There are specific appraisal difficulties involved in a house in foreclosure or one that has reverted to the lender's ownership.
For a home in foreclosure, you might need to know the gap between fair market price and "quick disposition" worth to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
You need a company who has the training to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact West Valley Appraisal Services.
Particular challenges can be present when working with owners of houses in foreclosure. They may be unwilling to allow an inspection of the house. If they abandoned the property already, they might have ignored the care of the property for a long time - or unfortunately, damaged the house.
For real estate that has changed to REO, you probably will be going for a quick disposition . But you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work done to it, with the work needed to make the house marketable at full market value consistent with competing houses in the area, 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 urgency and the special situation of a Real Estate Owned home, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can bank on West Valley Appraisal Services to take on the task of your bank owned property with expertise and professionalism. Contact us today.