ASAP Appraisal Services, Inc. is experienced when you need appraisals for bank owned properties in Mesa
There are particular appraisal challenges when it comes to a house in foreclosure or one that has gone back to the institution's possession.
For a house in foreclosure, you might need to know the difference between the fair market value and "quick disposition" to know your potential charge-off liability. At ASAP Appraisal Services, Inc., we have the training in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
ASAP Appraisal Services, Inc. has the experience to work with the unique dynamics of a foreclosure appraisal. Contact ASAP Appraisal Services, Inc. for a company you can trust.
Specific challenges may be present when dealing with owners of properties in foreclosure. They could be disinclined to allow an inspection of the home. If they moved out of the house already, they could have neglected care of the house for a long time - or worse, caused damage to the home.
For a home that has already returned to REO, you likewise will be interested in a speedy disposition . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the work necessary to make the property marketable at full market value corresponding with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of a bank owned home, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can bank on ASAP Appraisal Services, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.