Deer Creek Appraisals is a company you can trust when it comes to foreclosures in Denver
There are various appraisal difficulties when we're talking about a property in foreclosure or one that has returned to the financial institution's possession.
For a home in foreclosure, you might need to understand the gap between the fair market value 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 respect your time constraints.
You need a company who has the training to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Deer Creek Appraisals.
Specific challenges can be present when dealing with owners of houses in foreclosure. They may be uncooperative to allowing an inspection of the property. Sometimes the houses have been ransacked, often at the hands of the residents. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for long of time.
For a property that has returned to bank owned, you most likely will be seeking an expeditious resolution . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the work called for to make the property marketable at full market value consistent with similar real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned house, in addition to the unique data you will need -- competing listings, market trends, and the like. You can rely on Deer Creek Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.