4720 Enterprises, Inc. is experienced when it comes to bank owned properties in Colorado Springs
Houses that have gone back to the financial institution's holding and houses in foreclosure bring forth special appraisal challenges.
You should ascertain the difference between fair market price and "quick disposition" value to evaluate your potential charge-off liability when dealing with a property in foreclosure. 4720 Enterprises, Inc. has the knowledge in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints.
The professionals at 4720 Enterprises, Inc. have the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact 4720 Enterprises, Inc..
Owners of properties in foreclosure, of course, can present unique challenges. They may be unwilling to allow an inspection of the home. They might have left the house already and/or overlooked the care of the home for quite some time - or gone as far as intentionally harmed the home.
You'll be interested in a speedy disposition if the house has returned to REO. So you need to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work needed to make the house marketable at full market value commensurate with competing homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO house, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on 4720 Enterprises, Inc. to handle the task of your REO professionally and efficiently. Contact us today.