Tri-County Appraisals is experienced when you need appraisals for foreclosures in Larimer
Houses in foreclosure and properties that have gone back to the financial institution's possession present special appraisal difficulties.
For a property in foreclosure, you should understand the gap between fair market value and "quick disposition" value to know your potential charge-off liability. Tri-County Appraisals has the training in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
We have the training to work with the special dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can trust.
Owners of property in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting particular challenges. They might have deserted the home already and/or neglected care of the house for a long time - or gone as far as caused damage to the house.
For a house that has reverted to Real Estate Owned, you most likely will want it off your hands as quickly as possible . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the work needed to make the property marketable at full market value corresponding with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of an REO house, in addition to the specific data you will need -- competing listings, market trends, and so forth. You can bank on Tri-County Appraisals to take on the task of your REO with expertise and professionalism. Contact us today.