Foreclosure and Real Estate Owned Appraisal in Larimer County
Houses that have gone back to the bank's control and properties in foreclosure bring forth specific appraisal problems.
For a property in foreclosure, you may need to understand the difference between fair market value and "quick disposition" price to know your potential charge-off liability. The professionals at Tri-County Appraisals can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
Tri-County Appraisals has the expertise to handle the special dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can count on.
Particular challenges may be present when dealing with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the home. They could have moved out of the home already and/or overlooked the care of the home for quite some time - or unfortunately, damaged the house.
You'll be interested in an expeditious disposition if the property has already reverted to bank owned. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work done to it, with the repairs necessary to make the home marketable at full market value corresponding with similar real estate 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 timeline and the special situation of a Real Estate Owned home, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can count on Tri-County Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.