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Miller Pipher Inc is experienced when you need appraisals for bank owned properties in Maricopa County
Houses in foreclosure and houses that have returned to the bank's ownership bring forth specific appraisal difficulties.
For a house in foreclosure, you need to understand the gap between market value and a "quick disposition" value to know your possible charge-off liability.
At Miller Pipher Inc, we have the knowledge in both providing snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your urgency.
Occupants of houses in foreclosure may be unwilling to allow an inspection of the home, thus presenting specific challenges.
They could have left the home already and/or overlooked the care of the property for quite awhile - or unfortunately, intentionally harmed the house.
For a house that has changed to bank owned, you likewise will be interested in a speedy resolution. In any case, you'll still want to consider three ways of figuring the value of the real estate at hand:- As Repaired. Possible market value with the repairs called for to make the home marketable at full market value - consistent with competing properties in the area
- As-is. The value of the property without any work performed
- Quick sale. With minimal investment in repairs - to get rid of the property quickly, likely as a "fixer-upper"
Again, we understand your urgency and the unique situation of a bank owned property, as well as the specific data you will need - competing listings, market trends, and so forth. You can count on Miller Pipher Inc to take on the task of your REO with expertise and professionalism. Contact us today.
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