Cotter Valuation Group is the company you should trust when you need appraisals for bank owned properties in Maricopa CountyProperties in foreclosure and properties that have reverted to the institution's holding present unique appraisal difficulties.
For a home in foreclosure, you need to recognize the gap between market value and a "quick disposition" price to know your potential charge-off liability. The professionals at Cotter Valuation Group can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
Owners of property in foreclosure, naturally, can present specific challenges: For example, they might be combative when it comes to allowing an inspection of the home. Sometimes the properties have been vandalized, unfortunately at the hands of the residents. Or, it's common to discover a house at least abandoned or the home neglected for extended periods of time.
For real estate that has already gone back to REO, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three ways of determining the value of the real estate at hand: