Properties with Severe Foundation or Structural Issues
Foundation problems strike fear into the hearts of traditional home buyers and their lenders. Cracks in basement walls, uneven floors, sticking doors, and visible settling create immediate red flags that stop conventional sales dead in their tracks.
Mortgage companies typically will not finance homes with significant structural damage. Their appraisers mark these properties as unsafe for lending, which means your buyer pool shrinks to only those with cash, and most cash buyers still want move-in-ready homes.
Foundation repairs in Lakewood typically cost between $10,000 and $50,000, depending on the severity of the issue. Major structural issues can significantly increase costs, sometimes exceeding $100,000 for extensive damage.
Traditional appraisals often reveal every structural defect, valuing the property far below what sellers expect. Buyers use these low appraisals to negotiate steep discounts or simply walk away from the deal entirely.
The Atlas Portfolio regularly purchases homes with foundation and structural issues. We understand how to accurately evaluate these problems and can resolve them quickly without requiring you to make expensive repairs first.
Homes with Fire, Water, or Mold Damage
Insurance claims create a permanent record that follows your property and scares away potential buyers. Many buyers fear they won’t be able to get insurance on a home with a claim history, even after you complete all repairs.
Lenders view homes with fire, water, or mold damage as high-risk properties. They require extensive documentation proving you completed all remediation properly, and many simply refuse to finance these homes at all.
Colorado law requires sellers to disclose all known material defects, including past damage. This disclosure obligation means you can’t hide previous issues, and most buyers will immediately lose interest once they learn about fire, water, or mold problems.
Proper remediation costs tens of thousands of dollars and takes weeks or months to complete correctly. You’ll need specialized contractors, multiple inspections, and potentially extensive reconstruction work.
Cash buyers, such as The Atlas Portfolio, don’t face the same lending restrictions as conventional buyers. We can fairly evaluate damage properties and make offers based on actual repair costs, rather than emotional reactions to past problems.
Properties Facing Foreclosure or Tax Liens
Foreclosure timelines create urgent pressure that traditional sales simply can’t accommodate. The typical sale process takes 60-90 days from listing to closing, but foreclosure dates don’t wait for conventional buyers to secure financing.
Tax liens, mechanic’s liens, and judgment liens complicate title and make traditional financing nearly impossible. Buyers’ lenders require a clear title before they’ll approve loans, which means you need to resolve all liens before closing.
Lakewood follows Colorado’s foreclosure process, which can move quickly once the lender initiates action. You might have only weeks to sell before losing your home at auction.
Conventional buyers often avoid properties with legal complications because their lenders are hesitant to lend on them. Even buyers who want to help simply can’t get financing approved when liens cloud the title.
Cash sales can close in as little as seven days, often beating foreclosure deadlines. The Atlas Portfolio has helped numerous Lakewood homeowners sell quickly enough to avoid foreclosure and protect their remaining equity.
Homes with Major Code Violations or Illegal Additions
Unpermitted additions, finished basements without permits, electrical work done without inspection, and zoning violations are common issues plaguing many Lakewood properties. Previous owners often completed work without proper permits, leaving current owners stuck with compliance issues.
The city can impose daily fines for code violations, and these penalties accumulate quickly. You’ll face pressure to either fix the problems or sell the property to someone who can handle the violations.
Banks refuse to lend on properties with active code violations or unpermitted work. Their appraisers note these issues, and underwriters won’t approve loans until sellers bring everything up to code.
Bringing a property into compliance costs far more than most people expect. You’ll pay for permits, inspections, potential reconstruction, and sometimes removal of unpermitted additions.
Traditional buyers worry about legal liability if they purchase a property with code violations. They fear the city will come after them for fines and required corrections.
Why The Atlas Portfolio Buys Red Flag Properties
We’ve built our business specifically to help Lakewood homeowners with problem properties. Our team is skilled in accurately evaluating foundation issues, damage claims, legal complications, and code violations.
Fast closing timelines make us the go-to solution for urgent situations, such as foreclosures. We can close in seven days when you need to act quickly, or we can wait a few weeks if that works better for your situation.
The Atlas Portfolio purchases every property as-is, meaning you don’t spend a dime on repairs. We assume the risk and expense of addressing problems, bringing properties up to code, and resolving complex title issues.
Our pricing takes into account the specific issues your property faces, while still offering fair value. We don’t lowball sellers or take advantage of difficult situations – we provide honest offers based on real repair costs.
We’ve helped dozens of Lakewood homeowners sell properties that traditional buyers wouldn’t touch. From homes with crumbling foundations to properties facing imminent foreclosure, we’ve successfully closed deals that seemed impossible through conventional channels.
Don’t let your property’s problems trap you in a situation you can’t escape. Contact The Atlas Portfolio today to learn how we can help you sell your red flag property quickly and move forward with your life.
