Marketwise Appraisal, LLC is experienced when it comes to bank owned properties in Laveen, ArizonaThere are particular appraisal difficulties for a house in foreclosure or one that has returned to the institution's possession.
You should know the meanings of "market value" and a "quick disposition" price to know what losses you stand to have to endure when dealing with a home in foreclosure. At Marketwise Appraisal, LLC, we have the experience in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that consider your time line.
Owners of property in foreclosure, of course, can present particular challenges. They might be opposed to allowing us access to the property. If they left the house already, they could have not taken care of the house for quite awhile - or worse, ransacked the home.
For real estate that has already returned to REO, you most likely will want to get rid of it quickly. However, you may want to know and examine three values - "as-is", "as repaired", and "quick sale". These represent: