Shamrock Appraisals, Inc. is a company you can trust when it comes to bank owned properties in Tuscaloosa
Properties that have gone back to the bank's ownership and houses in foreclosure bring forth unique appraisal problems.
It's key to ascertain the difference between fair market worth and "quick disposition" worth to know your possible charge-off liability when dealing with a property in foreclosure. At Shamrock Appraisals, Inc., we have the knowledge in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.
Shamrock Appraisals, Inc. has the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Shamrock Appraisals, Inc..
Owners of homes in foreclosure, of course, can present special challenges. They may be uncooperative to allowing an inspection of the property. Often the properties have been ransacked, often by the former residents. Or, it's likely you'll find a house at a minimum abandoned or the home neglected for long of time.
You'll be interested in a speedy disposition if the property has already gone back to REO. So you need to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the work needed to make the home marketable at full market value appropriate with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned house, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can count on Shamrock Appraisals, Inc. to take on the task of your REO professionally and efficiently. Contact us today.