Foreclosure and REO Appraisals in Tuscaloosa County
There are various appraisal problems for a house in foreclosure or one that has reverted to the financial institution's possession.
It's important to ascertain the difference between fair market worth and "quick disposition" value to evaluate your possible write-down liability when dealing with a property in foreclosure. The professionals at Shamrock Appraisals, Inc. can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your time constraints.
We have the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can trust.
Specific challenges might be present when working with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home. They may have moved out of the house already and/or neglected care of the house for quite awhile - or unfortunately, ransacked the house.
For a property that has already reverted to REO, you probably will want to get rid of it quickly . But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work necessary to make the home marketable at full market value commensurate with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique situation of an REO home, as well as the special information you'll need -- competing listings, market trends, and so forth. You can rely on Shamrock Appraisals, Inc. to take on the task of your REO professionally and efficiently. Contact us today.