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Call Metro Mountain Appraisers Inc. when you need appraisals regarding Denver foreclosures

REO Appraisals in Denver County

There are particular appraisal challenges involved in a property in foreclosure or one that has returned to the financial institution's possession.

You should know the meanings of "market value" and a "quick disposition" price to evaluate what losses you could sustain when dealing with a home in foreclosure. Metro Mountain Appraisers Inc. has the knowledge in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your pressing needs.

We have the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Metro Mountain Appraisers Inc. for a company you can count on.

Owners of properties in foreclosure might be unwilling to allow an inspection of the home, thus presenting particular challenges. Often the subjects have been intentionally damaged, unfortunately at the hands of the former residents themselves. Or, it's common to find nobody has lived in house for months or the home neglected for long periods of time.

For a house that has gone back to REO, you most likely will want to get rid of it quickly. Regardless, you'll still want to consider three angles for figuring the value of the asset (or in some cases, liability):

  • As Repaired. Possible market value with the repairs due to make the house marketable at full market value - commensurate with similar houses in the area
  • As-is. The value of the house without any repairs performed
  • Quick sale. With minor investment in repairs - to sell the property quickly, seemingly as a "fixer-upper"
Again, we understand your timeline and the specific circumstances of an REO home, as well as the special information you'll need - competing listings, market trends, and so forth. You can rely on Metro Mountain Appraisers Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.