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Call Appraisals By Law when you need appraisals for Pima foreclosures

Appraisals By Law is experienced when it comes to foreclosures in Tucson, Arizona

Houses that have reverted to the bank's holding and houses in foreclosure create unique appraisal challenges.

When there is a property in foreclosure, you should differentiate market value versus a "quick disposition" value to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.

The professionals at Appraisals By Law have the training to deal with the special dynamics of a foreclosure appraisal. Contact Appraisals By Law for a company you can count on.

Owners of homes in foreclosure might be disinclined to allow an inspection of the home, thus presenting special challenges. Sometimes the properties have been vandalized, often at the hands of the former residents themselves. Or, it's common to discover a house at least abandoned or the home languishing in disrepair for extended periods of time.

You will be interested in an expeditious disposition if the house has changed to bank owned. So you may want to know about and analyze three values: "as-is", "as repaired", and "quick sale". These symbolize:

  • The value of the house without any work done to it
  • Value with the repairs called for to make the property marketable at full market value - comparable with similar real estate in the area
  • Somewhere in between, with minor investment in repairs - to offload the property quickly, seemingly to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the specific situation of a bank owned property, in addition to the specific data you will need - competing listings, neighborhood trends, and the like. You can count on Appraisals By Law to handle the task of your bank owned property professionally and efficiently. Contact us today.