Real Estate Owned Appraisals in El Paso County
Properties in foreclosure and houses that have reverted to the financial institution's ownership bring forth various appraisal challenges.
When dealing with a house in foreclosure, you should understand the difference between fair market worth and "quick disposition" worth to analyze your potential charge-off liability. At 4720 Enterprises, Inc., we have the experience in both producing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand 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 trust, contact 4720 Enterprises, Inc..
Owners of homes in foreclosure may be opposed to allowing an inspection of the house, thus presenting unique challenges. Often the properties have been vandalized, often by the former residents themselves. Or, it's common to discover the previous owners have moved out or the home languishing in disrepair for long of time.
For real estate that has already returned to bank owned, you likewise will be interested in an expedited disposition . However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the repairs called for to make the house marketable at full market value commensurate with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned house, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on 4720 Enterprises, Inc. to take on the task of your REO with expertise and professionalism. Contact us today.