REO Appraisals in Denver County
Homes that have returned to the financial institution's possession and homes in foreclosure create unique appraisal challenges.
You need to know the difference between fair market worth and "quick disposition" worth to analyze your probable write-down liability when dealing with a home in foreclosure. Mountain High Appraisals, LLC has the experience in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time constraints.
You need a company who has the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Mountain High Appraisals, LLC.
Occupants of homes in foreclosure may be unwilling to allow an inspection of the house, thus presenting specific challenges. They could have abandoned the house already and/or ignored the care of the home for some time - or even worse, intentionally harmed the property.
You'll be interested in a speedy disposition if the property has returned to Real Estate Owned. So you need to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the work due to make the home marketable at full market value comparable with similar homes in the neighborhood, 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 special circumstances of an REO property, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Mountain High Appraisals, LLC to take on the appraisal of your REO professionally and efficiently. Contact us today.