4720 Enterprises, Inc. is a company you can trust when you need appraisals for foreclosures in Colorado Springs
Homes that have returned to the institution's possession and properties in foreclosure present particular appraisal challenges.
When dealing with a house in foreclosure, you should know the difference between fair market worth and "quick disposition" value to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your timeline.
You need a company with the experience to deal with the particular dynamics of a foreclosure appraisal. Contact 4720 Enterprises, Inc. for a company you can rely on.
Owners of properties in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the home. Often the properties have been vandalized, often at the hands of the former residents. Or, it's common to discover nobody has occupied the house for months or the home neglected for long of time.
You'll be interested in a quick disposition if the house has reverted to REO. So you might want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the repairs required to make the property marketable at full market value corresponding with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your timeline and the special situation of a Real Estate Owned property, in addition to the specific information you will need -- competing listings, market trends, and the like. You can count on 4720 Enterprises, Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.