Tri-County Appraisals is a company you can trust when you need appraisals for bank owned properties in Loveland
Houses that have gone back to the institution's ownership and properties in foreclosure create specific appraisal problems.
For a home in foreclosure, you should understand the gap between the fair market worth and "quick disposition" worth to know your probable charge-off liability. Tri-County Appraisals has the knowledge in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your urgency.
Tri-County Appraisals has the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Tri-County Appraisals.
Unique challenges might be present when dealing with owners of properties in foreclosure. They might be unwilling to allow an inspection of the house. They could have deserted the house already and/or neglected care of the home for quite some time - or unfortunately, damaged the property.
For a property that has already gone back to bank owned, you typically will want it off your hands as quickly as possible . But you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the repairs required to make the home marketable at full market value corresponding with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique circumstances of a bank owned property, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can rely on Tri-County Appraisals to handle the task of your REO professionally and efficiently. Contact us today.