Deer Creek Appraisals is experienced when it comes to foreclosures in DenverThere are various appraisal challenges involved in a house in foreclosure or one that has gone back to the institution's ownership. For a house in foreclosure, you need to know the difference between fair market value and "quick disposition" price to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line. You need a company with the experience to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Deer Creek Appraisals. Occupants of properties in foreclosure could be disinclined to allow an inspection of the property, thus presenting specific challenges. Often the homes show signs of vandalism, often at the hands of the former residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for extended periods of time. For real estate that has already returned to Real Estate Owned, you most likely will be interested in a quick disposition . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the work due to make the home marketable at full market value commensurate with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned home, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Deer Creek Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today. |