Shamrock Appraisals, Inc. is experienced when it comes to bank owned properties in Tuscaloosa
Houses in foreclosure and homes that have gone back to the lender's control bring forth specific appraisal difficulties.
You need to recognize the difference between fair market value and "quick disposition" value to evaluate your potential charge-off liability when dealing with a house in foreclosure. Shamrock Appraisals, Inc. has the background in both presenting snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your urgency.
You need a company who has the expertise to work with the special dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can rely on.
Owners of homes in foreclosure, of course, can present unique challenges. They may be opposed to allowing an inspection of the house. They may have left the house already and/or overlooked the care of the property for some time - or even worse, damaged the property.
For a home that has changed to REO, you probably will want to get rid of it quickly . But you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the work needed to make the house marketable at full market value corresponding with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of a bank owned home, as well as the special data you'll need -- competing listings, market trends, and the like. You can rely on Shamrock Appraisals, Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.