Foreclosure Appraisals in Tuscaloosa County
There are specific appraisal challenges when we're talking about a house in foreclosure or one that has reverted to the bank's ownership.
For a property in foreclosure, you should recognize the difference between fair market and "quick disposition" price to know your possible charge-off liability. The professionals at Shamrock Appraisals, Inc. can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company with the training to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Shamrock Appraisals, Inc..
Unique challenges can be present when dealing with owners of homes in foreclosure. They might be unwilling to allow an inspection of the house. Sometimes the subjects show signs of vandalism, unfortunately by the residents themselves. Or, it's common to find the residents have moved out or the home languishing in disrepair for long of time.
If your house has already gone back to Real Estate Owned, you will interested in an expeditious disposition. However, you may want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the work necessary to make the house marketable at full market value appropriate with competing houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special situation of a Real Estate Owned home, as well as the special information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Shamrock Appraisals, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.