Tri-County Appraisals is experienced when it comes to bank owned properties in Loveland
Properties that have gone back to the financial institution's holding and homes in foreclosure bring forth particular appraisal problems.
You need to differentiate the difference between fair market price and "quick disposition" value to evaluate your possible charge-off liability when dealing with a property in foreclosure. At Tri-County Appraisals, we have the experience in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at Tri-County Appraisals have the expertise to deal with the special dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can rely on.
Unique challenges might be present when working with owners of properties in foreclosure. They might be unwilling to allow an inspection of the home. If they abandoned the property already, they may have not taken care of the house for quite awhile - or unfortunately, damaged the home.
If your property has changed to Real Estate Owned, you will interested in a fast disposition. However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the work needed to make the house marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the specific circumstances of an REO house, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Tri-County Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.