Deer Creek Appraisals is experienced when it comes to foreclosures in Denver
Properties that have gone back to the institution's possession and houses in foreclosure present particular appraisal problems.
When dealing with a home in foreclosure, you should recognize the difference between fair market worth and "quick disposition" price to know your probable charge-off liability. Deer Creek Appraisals has the background in both furnishing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account 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 trust, contact Deer Creek Appraisals.
Unique challenges may be present when working with owners of properties in foreclosure. They might be opposed to allowing an inspection of the property. They may have abandoned the home already and/or neglected care of the property for quite awhile - or in some cases vandalized the property.
If your property has returned to Real Estate Owned, you will interested in a fast disposition. But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work performed, with the repairs required to make the home marketable at full market value corresponding with competing properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special situation of a bank owned home, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Deer Creek Appraisals to handle the task of your REO professionally and efficiently. Contact us today.