Tri-County Appraisals is experienced when it comes to foreclosures in Loveland
Homes that have returned to the institution's possession and properties in foreclosure bring forth various appraisal difficulties.
You should know the difference between fair market worth and "quick disposition" price to analyze your probable charge-off liability when dealing with a house in foreclosure. Tri-County Appraisals has the background in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
You need a company who has the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Tri-County Appraisals.
Owners of property in foreclosure, of course, can present particular challenges. They might be unwilling to allow an inspection of the home. They may have abandoned the home already and/or neglected care of the home for quite awhile - or gone as far as caused damage to the house.
You will be interested in a speedy disposition if the house has already gone back to bank owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the repairs due to make the home marketable at full market value commensurate with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned home, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Tri-County Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.