Holbrook and Associates is a company you can trust when you need appraisals for bank owned properties in Sun City West
There are special appraisal problems regarding a house in foreclosure or one that has returned to the lender's possession.
When there is a house in foreclosure, it's important to ascertain the difference between fair market worth and "quick disposition" price to analyze your likely charge-off liability. At Holbrook and Associates, we have the background in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
We have the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Holbrook and Associates for a company you can rely on.
Specific challenges might be present when working with owners of homes in foreclosure. They could be disinclined to allow an inspection of the home. If they abandoned the house already, they could have neglected care of the home for quite awhile - or worse, damaged the property.
You will be interested in a quick disposition if the property has returned to REO. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs necessary to make the house marketable at full market value corresponding with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of a bank owned home, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Holbrook and Associates to handle the appraisal of your REO with expertise and professionalism. Contact us today.