Shamrock Appraisals, Inc. is a company you can trust when it comes to foreclosures in Tuscaloosa
There are various appraisal challenges when it comes to a home in foreclosure or one that has returned to the bank's ownership.
For a property in foreclosure, you might need to recognize the difference between fair market and "quick disposition" value to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "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 trust.
Specific challenges may be present when dealing with owners of properties in foreclosure. They might be unwilling to allow an inspection of the property. They may have deserted the house already and/or neglected care of the home for awhile - or even worse, ransacked the property.
For a property that has returned to bank owned, you typically will want it off your hands as quickly as possible . But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the repairs necessary to make the home marketable at full market value corresponding with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique circumstances of a bank owned house, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can bank on Shamrock Appraisals, Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.