Foreclosure and REO Appraisals in Arapahoe County
Properties that have reverted to the financial institution's ownership and houses in foreclosure create particular appraisal difficulties.
When there is a home in foreclosure, it's important to ascertain the difference between fair market value and "quick disposition" price to analyze your possible charge-off liability. At Appraise Colorado Inc, we have the background in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
You need a company with the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Appraise Colorado Inc for a company you can rely on.
Specific challenges might be present when working with owners of houses in foreclosure. They could be opposed to allowing an inspection of the house. They could have deserted the property already and/or ignored the care of the property for some time - or in some cases caused damage to the home.
You'll be interested in a speedy disposition if the property has reverted to Real Estate Owned. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs done to it, with the work necessary to make the home marketable at full market value commensurate with competing real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned home, as well as the special information you will need -- competing listings, market trends, and the like. You can bank on Appraise Colorado Inc to take on the task of your bank owned property with expertise and professionalism. Contact us today.