4720 Enterprises, Inc. is experienced when it comes to bank owned properties in El Paso
Houses in foreclosure and homes that have reverted to the bank's possession present various appraisal challenges.
For a home in foreclosure, you should know the difference between the fair market and "quick disposition" value to know your likely charge-off liability. 4720 Enterprises, Inc. has the experience in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
4720 Enterprises, Inc. has the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact 4720 Enterprises, Inc..
Occupants of properties in foreclosure could be opposed to allowing an inspection of the property, thus presenting particular challenges. If they abandoned the home already, they could have ignored the care of the house for quite awhile - or unfortunately, ransacked the house.
For a property that has already changed to REO, you likewise will be interested in a quick disposition . But you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the work required to make the home marketable at full market value corresponding with similar real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the specific situation of a bank owned property, in addition to the special information you will need -- competing listings, neighborhood trends, and the like. You can bank on 4720 Enterprises, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.