Tri-County Appraisals is experienced when you need appraisals for foreclosures in Loveland
Houses that have reverted to the institution's ownership and homes in foreclosure create particular appraisal difficulties.
When there is a property in foreclosure, you need to differentiate the difference between fair market price and "quick disposition" price to know your likely charge-off liability. At Tri-County Appraisals, we have the experience in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.
The professionals at Tri-County Appraisals have the training to handle the unique dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can rely on.
Owners of property in foreclosure, of course, can present special challenges. They may be unwilling to allow an inspection of the home. If they deserted the property already, they might have overlooked the care of the property for quite awhile - or worse, caused damage to the house.
For real estate that has already changed to bank owned, you probably will be seeking a speedy disposition . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the repairs called for to make the property marketable at full market value commensurate with similar houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific situation of a bank owned property, in addition to the unique data you'll need -- competing listings, neighborhood trends, and the like. You can count on Tri-County Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.