Foreclosure Appraisals in Maricopa CountyThere are particular appraisal difficulties for a home in foreclosure or one that has returned to the financial institution's ownership.
You should ascertain the meanings of "market value" and a "quick disposition" assessment to evaluate your potential write-down liability when dealing with a house in foreclosure. T.R. Moore & Associates, Inc. has the experience in both furnishing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
Unique challenges can be present when working with owners of property in foreclosure. They could be opposed to allowing an inspection of the property. Sometimes the properties have been ransacked, often by the former residents. Or, it's likely you'll find the previous owners have moved out or the home languishing in disrepair for long periods of time.
For real estate that has gone back to Real Estate Owned, you most likely will be interested in a speedy disposition. But you might want to know and review three values - "as-is", "as repaired", and "quick sale". These correspond to: