Tri-County Appraisals is the company you should trust when it comes to bank owned properties in Loveland, ColoradoHomes in foreclosure and homes that have gone back to the institution's possession create special appraisal difficulties.
For a property in foreclosure, you would be wise to understand the difference between market value and a "quick disposition" price to know your potential charge-off liability. At Tri-County Appraisals, we have the knowledge in both furnishing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that factor in your urgency.
Occupants of homes in foreclosure may be disinclined to allow an inspection of the house, thus presenting unique challenges. If they have abandoned the home already, they might have overlooked the care of the house for quite awhile - or unfortunately, damaged the property.
You will be interested in a quick disposition if the home has returned to bank owned. So you need to understand and review three values: "as-is", "as repaired", and "quick sale". These symbolize: