Foreclosure and REO Appraisal in Tuscaloosa County
There are various appraisal problems when it comes to a house in foreclosure or one that has reverted to the bank's ownership.
When dealing with a property in foreclosure, it's important to differentiate the difference between fair market price and "quick disposition" value to evaluate your possible charge-off liability. Shamrock Appraisals, Inc. has the background in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line.
You need a company with the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Shamrock Appraisals, Inc..
Owners of houses in foreclosure may be uncooperative to allowing an inspection of the home, thus presenting special challenges. They may have moved out of the property already and/or overlooked the care of the house for awhile - or gone as far as intentionally harmed the house.
If your home has already changed to REO, you will interested in an expeditious disposition. However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the work required to make the property marketable at full market value consistent with competing homes 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 specific circumstances of a Real Estate Owned house, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can count on Shamrock Appraisals, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.