Tri-County Appraisals is a company you can trust when it comes to foreclosures in Larimer
Houses in foreclosure and properties that have returned to the institution's possession bring forth specific appraisal difficulties.
When there is a property in foreclosure, you should ascertain the difference between fair market price and "quick disposition" price to evaluate your likely charge-off liability. The professionals at Tri-County Appraisals can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your time line.
Tri-County Appraisals has the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can trust.
Owners of houses in foreclosure could be uncooperative to allowing an inspection of the house, thus presenting particular challenges. If they deserted the property already, they could have ignored the care of the house for some time - or even worse, damaged the home.
If your house has returned to bank owned, you will interested in an expedited disposition. However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the work necessary to make the house marketable at full market value appropriate with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of a bank owned property, as well as the specific data you'll need -- competing listings, market trends, and so forth. You can bank on Tri-County Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.