Viewpoint Appraisal Services LLC is experienced when it comes to foreclosures in Mesa, ArizonaProperties that have gone back to the institution's ownership and properties in foreclosure bring forth various appraisal problems.
When there is a property in foreclosure, it's important to understand market value versus a "quick disposition" value to analyze your likely charge-off liability. At Viewpoint Appraisal Services LLC, we have the background in both providing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that consider your urgency.
Unique challenges can be present when dealing with owners of property in foreclosure. They may be opposed to allowing an inspection of the property. Sometimes the houses have been vandalized, often at the hands of the residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home languishing in disrepair for long periods of time.
You will be interested in an expeditious disposition if the house has already returned to bank owned. So you need to understand and analyze three values: "as-is", "as repaired", and "quick sale". These symbolize: