REO Appraisals in Larimer County
Homes that have returned to the financial institution's holding and properties in foreclosure present specific appraisal problems.
For a property in foreclosure, you might need to recognize the difference between the fair market value and "quick disposition" price to know your probable charge-off liability. At Tri-County Appraisals, we have the knowledge in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
Tri-County Appraisals has the training to work with the unique dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can trust.
Special challenges may be present when dealing with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the house. Sometimes the subjects show signs of vandalism, often at the hands of the residents. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for long of time.
If your home has already changed to bank owned, you will interested in an expeditious disposition. However, you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the repairs necessary to make the home marketable at full market value appropriate with the other homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific situation of a Real Estate Owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can count on Tri-County Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.