Foreclosure and REO Appraisal in Arapahoe County
There are specific appraisal difficulties when we're talking about a home in foreclosure or one that has returned to the institution's ownership.
For a home in foreclosure, you should recognize the difference between fair market value and "quick disposition" value to know your likely charge-off liability. The professionals at Appraise Colorado Inc can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
We have the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Appraise Colorado Inc.
Special challenges may be present when dealing with owners of houses in foreclosure. They might be disinclined to allow an inspection of the home. If they deserted the property already, they could have neglected care of the house for some time - or unfortunately, damaged the home.
For a property that has gone back to Real Estate Owned, you most likely will be seeking an expeditious disposition . But you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the repairs due to make the house marketable at full market value consistent with similar properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special situation of an REO property, in addition to the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Appraise Colorado Inc to handle the task of your REO with expertise and professionalism. Contact us today.