REO and Foreclosure Appraisal in Tuscaloosa County
Homes that have gone back to the institution's holding and homes in foreclosure bring forth unique appraisal difficulties.
When there is a home in foreclosure, it's important to ascertain the difference between fair market value and "quick disposition" price to analyze your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.
You need a company who has the experience to deal with the special dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can trust.
Occupants of homes in foreclosure may be opposed to allowing an inspection of the home, thus presenting specific challenges. They may have left the property already and/or overlooked the care of the property for quite some time - or in some cases intentionally harmed the home.
You will be interested in a speedy disposition if the home has reverted to Real Estate Owned. So you need to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the repairs due to make the house marketable at full market value appropriate with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned home, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can rely on Shamrock Appraisals, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.