Real Estate Owned and Foreclosure Appraisal in Tuscaloosa County
There are unique appraisal difficulties when we're talking about a house in foreclosure or one that has returned to the financial institution's ownership.
For a home in foreclosure, you need to know the difference between the fair market and "quick disposition" to know your potential charge-off liability. At Shamrock Appraisals, Inc., we have the knowledge in both producing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your timeline.
We have the training to handle the particular dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can rely on.
Owners of properties in foreclosure, of course, can present special challenges. They might be uncooperative to allowing an inspection of the property. If they have abandoned the home already, they might have neglected care of the home for some time - or worse, caused damage to the property.
For real estate that has returned to Real Estate Owned, you probably will be going for a quick disposition . But you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs required to make the house marketable at full market value commensurate with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the special situation of an REO home, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Shamrock Appraisals, Inc. to handle the task of your REO professionally and efficiently. Contact us today.