Foreclosure Appraisal in Tuscaloosa County
There are various appraisal challenges when we're talking about a house in foreclosure or one that has returned to the bank's ownership.
For a home in foreclosure, you might need to know the difference between the fair market value and "quick disposition" worth to know your potential charge-off liability. Shamrock Appraisals, Inc. has the knowledge in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
Shamrock Appraisals, Inc. has the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can rely on.
Owners of homes in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the house. If they moved out of the house already, they may have not taken care of the home for awhile - or worse, damaged the house.
If your house has already returned to bank owned, you will interested in an expeditious disposition. But you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the repairs due to make the property marketable at full market value comparable with competing real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the special circumstances of an REO house, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Shamrock Appraisals, Inc. to take on the task of your bank owned property with expertise and professionalism. Contact us today.