Appraise Colorado Inc is a company you can trust when it comes to bank owned properties in Douglas
Homes in foreclosure and houses that have returned to the lender's ownership bring forth unique appraisal difficulties.
For a property in foreclosure, you may need to understand the difference between the fair market value and "quick disposition" value to know your potential charge-off liability. Appraise Colorado Inc has the knowledge in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time line.
We have the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Appraise Colorado Inc.
Particular challenges may be present when working with owners of homes in foreclosure. They could be disinclined to allow an inspection of the property. If they left the property already, they could have neglected care of the house for quite some time - or unfortunately, caused damage to the house.
You'll be interested in a fast disposition if the home has returned to bank owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work necessary to make the home marketable at full market value commensurate with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned property, in addition to the special information you will need -- competing listings, market trends, and the like. You can rely on Appraise Colorado Inc to take on the task of your REO professionally and efficiently. Contact us today.