Appraisals By Law is experienced when it comes to foreclosures in Tucson, ArizonaHouses 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.
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: |