Real Estate Owned and Foreclosure Appraisal in Tuscaloosa County
Houses in foreclosure and houses that have reverted to the bank's holding present special appraisal challenges.
When there is a house in foreclosure, it's important to ascertain the difference between fair market value and "quick disposition" price to evaluate your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your timeline.
You need a company who has the training to handle the unique dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can count on.
Unique challenges can be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the house. They might have deserted the house already and/or neglected care of the house for quite awhile - or even worse, damaged the property.
If your house has gone back to Real Estate Owned, you will interested in an expeditious disposition. However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the repairs called for to make the home marketable at full market value consistent with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific situation of a Real Estate Owned property, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Shamrock Appraisals, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.