Tri-County Appraisals is experienced when you need appraisals for bank owned properties in Larimer
Houses in foreclosure and properties that have gone back to the institution's ownership present particular appraisal difficulties.
When dealing with a home in foreclosure, it's important to differentiate the difference between fair market price and "quick disposition" price to analyze your probable charge-off liability. Tri-County Appraisals has the training in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your urgency.
You need a company who has the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can trust.
Occupants of properties in foreclosure could be unwilling to allow an inspection of the property, thus presenting particular challenges. Sometimes the subjects show signs of vandalism, unfortunately by the former residents themselves. Or, it's common to find nobody has lived in house for months or the home neglected for extended periods of time.
For a home that has gone back to REO, you probably will be interested in a quick disposition . However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs performed, with the repairs required to make the house marketable at full market value corresponding with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the special situation of an REO property, as well as the unique data you'll need -- competing listings, neighborhood trends, and the like. You can count on Tri-County Appraisals to take on the task of your REO with expertise and professionalism. Contact us today.