Foreclosure and Real Estate Owned Appraisals in Tuscaloosa County
Real Estate in foreclosure and homes that have gone back to the bank's control create unique appraisal challenges.
For a property in foreclosure, you need to know the gap between fair market price and "quick disposition" worth to know your probable charge-off liability. Shamrock Appraisals, Inc. has the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line.
The professionals at Shamrock Appraisals, Inc. have the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can trust.
Owners of houses in foreclosure, of course, can present particular challenges. They may be disinclined to allow an inspection of the home. Sometimes the properties have been intentionally damaged, unfortunately at the hands of the former residents. Or, it's likely you'll find the residents have moved out or the home languishing in disrepair for extended periods of time.
You will be interested in a speedy disposition if the property has gone back to REO. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the work due to make the house marketable at full market value corresponding with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a Real Estate Owned house, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Shamrock Appraisals, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.