REO and Foreclosure Appraisals in Arapahoe County
Homes in foreclosure and homes that have gone back to the institution's possession present specific appraisal problems.
You should recognize the difference between fair market worth and "quick disposition" price to know your probable charge-off liability when dealing with a home in foreclosure. Appraise Colorado Inc has the background in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time line.
You need a company with the training to handle the particular dynamics of a foreclosure appraisal. Contact Appraise Colorado Inc for a company you can rely on.
Owners of properties in foreclosure, of course, can present unique challenges. They might be uncooperative to allowing an inspection of the house. If they left the home already, they might have ignored the care of the house for a long time - or worse, ransacked the property.
For a home that has gone back to bank owned, you most likely will be seeking an expeditious resolution . But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the repairs needed to make the house marketable at full market value consistent with competing properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special situation of an REO home, in addition to the specific information you'll need -- competing listings, market trends, and so forth. You can bank on Appraise Colorado Inc to handle the task of your bank owned property professionally and efficiently. Contact us today.