Foreclosure and REO Appraisal in Denver Metro Area and Beyond!!
You need to know the difference between fair market value and "quick disposition" price to evaluate your potential write-down liability when dealing with a property in foreclosure. PAR Appraisal Services has the training in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line. We have the training to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact PAR Appraisal Services. Occupants of property in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting particular challenges. Sometimes the subjects have been vandalized, unfortunately by the residents themselves. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for extended periods of time. For a home that has returned to REO, you typically will want to get rid of it quickly . But you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the work due to make the property marketable at full market value comparable with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special circumstances of a bank owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can bank on PAR Appraisal Services to handle the task of your bank owned property with expertise and professionalism. Contact us today. |