4720 Enterprises, Inc. is experienced when it comes to bank owned properties in Colorado Springs
Properties that have reverted to the financial institution's possession and houses in foreclosure create specific appraisal challenges.
You should ascertain the difference between fair market value and "quick disposition" price to know what losses you stand to have to endure when dealing with a house in foreclosure. 4720 Enterprises, Inc. has the experience in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
We have the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact 4720 Enterprises, Inc. for a company you can rely on.
Occupants of homes in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting unique challenges. They could have moved out of the house already and/or overlooked the care of the property for quite awhile - or even worse, caused damage to the house.
You will be interested in a quick disposition if the property has already returned to REO. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work performed, with the work called for to make the home marketable at full market value commensurate with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO house, in addition to the unique information you'll need -- competing listings, market trends, and so forth. You can count on 4720 Enterprises, Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.