Foreclosure and Real Estate Owned Appraisals in Douglas County
Houses that have gone back to the institution's ownership and homes in foreclosure create particular appraisal problems.
You need to differentiate the difference between fair market worth and "quick disposition" worth to know your likely write-down liability when dealing with a home in foreclosure. At Appraise Colorado Inc, we have the background in both producing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the expertise to handle the particular dynamics of a foreclosure appraisal. Contact Appraise Colorado Inc for a company you can count on.
Unique challenges may be present when dealing with owners of homes in foreclosure. They might be unwilling to allow an inspection of the house. Often the properties have been intentionally damaged, unfortunately at the hands of the former residents themselves. Or, it's common to find nobody has lived in house for months or the home neglected for extended periods of time.
You'll be interested in an expeditious disposition if the house has reverted to Real Estate Owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the repairs required to make the property marketable at full market value commensurate with competing houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a Real Estate Owned property, in addition to the specific data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Appraise Colorado Inc to handle the appraisal of your REO with expertise and professionalism. Contact us today.