REO and Foreclosure Appraisals in Larimer CountyThere are unique appraisal challenges regarding a property in foreclosure or one that has returned to the financial institution's possession. When there is a home in foreclosure, you should differentiate the difference between fair market price and "quick disposition" worth to analyze your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your timeline. The professionals at Tri-County Appraisals have the training to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Tri-County Appraisals. Specific challenges may be present when working with owners of properties in foreclosure. They may be uncooperative to allowing an inspection of the house. They may have abandoned the home already and/or overlooked the care of the property for some time - or unfortunately, caused damage to the property. For a home that has gone back to Real Estate Owned, you probably will be interested in an expedited resolution . But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the work called for to make the property marketable at full market value corresponding with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique situation of a bank owned property, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can rely on Tri-County Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today. |