Foreclosure and Real Estate Owned Appraisals in Larimer County
Houses that have reverted to the financial institution's holding and homes in foreclosure create special appraisal problems.
When dealing with a home in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" price to analyze your potential charge-off liability. The professionals at Tri-County Appraisals can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your time constraints.
You need a company with the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Tri-County Appraisals.
Owners of houses in foreclosure, of course, can present particular challenges. They may be disinclined to allow an inspection of the house. Often the homes have been vandalized, often at the hands of the residents. Or, it's common to find nobody has lived in house for months or the home neglected for long of time.
If your property has reverted to REO, you will interested in an expeditious disposition. However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the repairs called for to make the house marketable at full market value commensurate with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of a bank owned property, as well as the specific information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Tri-County Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.