Foreclosure and REO Appraisals in Larimer CountyReal Estate in foreclosure and homes that have gone back to the lender's holding create special appraisal difficulties.
When dealing with a property in foreclosure, you should ascertain market value versus a "quick disposition" assessment to evaluate your potential charge-off liability. The professionals at Tri-County Appraisals can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
Owners of houses in foreclosure, of course, can present unique challenges. They could be opposed to allowing us access to the home. Sometimes the houses have been vandalized, unfortunately by the former residents. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for long periods of time.
You will be interested in an expedited disposition if the house has gone back to REO. So you need to know about and review three values: "as-is", "as repaired", and "quick sale". These correspond to: