Shamrock Appraisals, Inc. is a company you can trust when you need appraisals for bank owned properties in Tuscaloosa
Properties in foreclosure and houses that have gone back to the lender's possession bring forth particular appraisal challenges.
When there is a house in foreclosure, you need to ascertain the difference between fair market price and "quick disposition" value to analyze your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
Shamrock Appraisals, Inc. has the expertise to work with the specific dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can trust.
Particular challenges might be present when dealing with owners of property in foreclosure. They could be unwilling to allow an inspection of the house. They could have left the house already and/or ignored the care of the home for awhile - or unfortunately, caused damage to the home.
You'll be interested in a speedy disposition if the home has reverted to Real Estate Owned. So you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, 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, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a bank owned property, as well as the specific data you will need -- competing listings, market trends, and so forth. You can rely on Shamrock Appraisals, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.