REO and Foreclosure Appraisal in Larimer County
Houses in foreclosure and houses that have gone back to the lender's control bring forth specific appraisal challenges.
When there is a house in foreclosure, it's important to know the difference between fair market value and "quick disposition" worth to evaluate your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
The professionals at Tri-County Appraisals have the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Tri-County Appraisals.
Owners of properties in foreclosure, of course, can present specific challenges. They may be disinclined to allow an inspection of the home. They might have abandoned the home already and/or ignored the care of the property for a long time - or unfortunately, ransacked the property.
For real estate that has already reverted to bank owned, you typically will want to get rid of it quickly . However, you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work due to make the home marketable at full market value appropriate with similar houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned house, as well as the unique data you will need -- competing listings, market trends, and so forth. You can bank on Tri-County Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.