Mountain High Appraisals, LLC is a company you can trust when you need appraisals for bank owned properties in Denver
There are specific appraisal difficulties involved in a property in foreclosure or one that has gone back to the lender's control.
You need to know the difference between fair market worth and "quick disposition" value to evaluate your probable write-down liability when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line.
Mountain High Appraisals, LLC has the qualifications to work with the special dynamics of a foreclosure appraisal. Contact Mountain High Appraisals, LLC for a company you can trust.
Unique challenges may be present when working with owners of property in foreclosure. They might be unwilling to allow an inspection of the home. Often the properties have been vandalized, often by the residents. Or, it's common to find the residents have moved out or the home neglected for extended periods of time.
You'll be interested in a fast disposition if the house has gone back to Real Estate Owned. So you need to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs done to it, with the repairs required to make the property marketable at full market value commensurate with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the specific circumstances of a Real Estate Owned property, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Mountain High Appraisals, LLC to take on the task of your bank owned property with expertise and professionalism. Contact us today.