Real Estate Owned Appraisals in Arapahoe County
There are particular appraisal problems when it comes to a home in foreclosure or one that has gone back to the institution's possession.
When dealing with a house in foreclosure, it's important to understand the difference between fair market value and "quick disposition" value to evaluate your likely charge-off liability. Appraise Colorado Inc has the background in both supplying snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
We have the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Appraise Colorado Inc.
Occupants of houses in foreclosure might be unwilling to allow an inspection of the home, thus presenting special challenges. They may have deserted the home already and/or neglected care of the house for quite awhile - or in some cases intentionally harmed the home.
You'll be interested in an expedited disposition if the property has changed to bank owned. So you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs done to it, with the work called for to make the home marketable at full market value comparable with the other properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a Real Estate Owned home, in addition to the specific information you will need -- competing listings, market trends, and the like. You can rely on Appraise Colorado Inc to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.