Real Estate Owned and Foreclosure Appraisals in Larimer County
Properties that have reverted to the institution's possession and homes in foreclosure present particular appraisal challenges.
It's key to differentiate the difference between fair market worth and "quick disposition" price to analyze what losses you could realize when dealing with a home in foreclosure. Tri-County Appraisals has the training in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your urgency.
You need a company who has the training to handle the special dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can count on.
Occupants of property in foreclosure may be disinclined to allow an inspection of the house, thus presenting unique challenges. They may have abandoned the property already and/or overlooked the care of the house for a long time - or in some cases caused damage to the home.
If your property has gone back to Real Estate Owned, you will interested in a quick disposition. But you might want to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the work necessary to make the home marketable at full market value commensurate with similar homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the specific circumstances of a Real Estate Owned house, in addition to the special data you'll need -- competing listings, market trends, and the like. You can count on Tri-County Appraisals to take on the task of your REO professionally and efficiently. Contact us today.