Foreclosure Appraisal in Tuscaloosa County
Houses that have returned to the institution's holding and houses in foreclosure create special appraisal problems.
When there is a property in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" worth to evaluate your probable charge-off liability. Shamrock Appraisals, Inc. has the training in both producing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can trust.
Specific challenges may be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the property. If they have abandoned the house already, they could have neglected care of the property for awhile - or even worse, damaged the home.
For a property that has already changed to Real Estate Owned, you likewise will be seeking a speedy resolution . However, you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the work needed to make the home marketable at full market value comparable with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned house, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Shamrock Appraisals, Inc. to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.