REO Appraisal in Tuscaloosa County
Homes that have gone back to the bank's possession and properties in foreclosure bring forth specific appraisal difficulties.
When there is a home in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" price to analyze your possible charge-off liability. Shamrock Appraisals, Inc. has the knowledge in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
We have the expertise to work with the particular dynamics of a foreclosure appraisal. Contact Shamrock Appraisals, Inc. for a company you can count on.
Owners of properties in foreclosure, of course, can present unique challenges. They may be disinclined to allow an inspection of the home. They might have deserted the house already and/or neglected care of the property for quite awhile - or gone as far as ransacked the home.
For a property that has changed to REO, you probably will be seeking an expeditious resolution . However, you may want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work performed, with the repairs required to make the home marketable at full market value comparable with similar houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO property, as well as the specific data you will need -- competing listings, market trends, and the like. You can bank on Shamrock Appraisals, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.