Denlinger Appraisal Associates is experienced when you need appraisals for bank owned properties in Arapahoe
There are particular appraisal problems when we're talking about a property in foreclosure or one that has returned to the bank's possession.
When dealing with a house in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" value to know your potential charge-off liability. At Denlinger Appraisal Associates, we have the background in both presenting snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your timeline.
We have the qualifications to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Denlinger Appraisal Associates.
Owners of properties in foreclosure, of course, can present particular challenges. They might be disinclined to allow an inspection of the home. They could have moved out of the home already and/or neglected care of the house for quite some time - or worse, caused damage to the property.
You will be interested in a fast disposition if the home has already changed to bank owned. So 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 repairs done to it, with the repairs required to make the property marketable at full market value corresponding with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique circumstances of a Real Estate Owned home, in addition to the specific data you'll need -- competing listings, market trends, and the like. You can count on Denlinger Appraisal Associates to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.