Foreclosure and Real Estate Owned Appraisals in Larimer County
Houses in foreclosure and homes that have gone back to the bank's holding present special appraisal problems.
You need to know the difference between fair market value and "quick disposition" worth to know your potential charge-off liability when dealing with a home in foreclosure. The professionals at Tri-County Appraisals can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
You need a company who has the expertise to work with the special dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can rely on.
Special challenges can be present when dealing with owners of homes in foreclosure. They could be opposed to allowing an inspection of the home. Often the homes have been vandalized, often at the hands of the former residents themselves. Or, it's common to find a house at least abandoned or the home languishing in disrepair for extended periods of time.
For a home that has gone back to bank owned, you likewise will be going for an expeditious disposition . However, you may want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the work required to make the property marketable at full market value commensurate with the other properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the special circumstances of a bank owned home, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Tri-County Appraisals to take on the task of your REO professionally and efficiently. Contact us today.