Foreclosure and Real Estate Owned Appraisal in El Paso County
There are unique appraisal challenges regarding a home in foreclosure or one that has returned to the financial institution's control.
When there is a house in foreclosure, it's important to understand the difference between fair market price and "quick disposition" value to analyze your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time line.
The professionals at 4720 Enterprises, Inc. have the training to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact 4720 Enterprises, Inc..
Owners of properties in foreclosure may be disinclined to allow an inspection of the house, thus presenting unique challenges. They may have deserted the house already and/or ignored the care of the property for a long time - or worse, damaged the property.
For real estate that has already gone back to Real Estate Owned, you typically will want to get rid of it quickly . However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any work performed, with the repairs called for to make the property marketable at full market value appropriate with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific circumstances of a Real Estate Owned home, as well as the special information you will need -- competing listings, market trends, and the like. You can count on 4720 Enterprises, Inc. to take on the task of your bank owned property with expertise and professionalism. Contact us today.