Shamrock Appraisals, Inc. is experienced when it comes to foreclosures in Tuscaloosa
Homes in foreclosure and properties that have returned to the financial institution's holding create unique appraisal challenges.
For a home in foreclosure, you may need to know the gap between fair market price and "quick disposition" value to know your probable charge-off liability. Shamrock Appraisals, Inc. has the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
Shamrock Appraisals, Inc. has the experience to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Shamrock Appraisals, Inc..
Owners of property in foreclosure, of course, can present special challenges. They may be uncooperative to allowing an inspection of the house. They may have abandoned the house already and/or ignored the care of the house for some time - or worse, vandalized the property.
You will be interested in a speedy disposition if the home has gone back to REO. So you need to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work performed, with the work called for to make the house marketable at full market value consistent with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of a Real Estate Owned home, in addition to the specific data you'll need -- competing listings, market trends, and so forth. You can bank on Shamrock Appraisals, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.