Tri-County Appraisals is a company you can trust when it comes to foreclosures in LovelandThere are particular appraisal challenges regarding a house in foreclosure or one that has returned to the bank's control. It's important to recognize the difference between fair market price and "quick disposition" price to know your probable charge-off liability when dealing with a house in foreclosure. At Tri-County Appraisals, we have the experience in both producing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency. We have the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Tri-County Appraisals for a company you can count on. Owners of houses in foreclosure, of course, can present specific challenges. They may be disinclined to allow an inspection of the property. If they have abandoned the home already, they could have ignored the care of the home for a long time - or worse, caused damage to the home. You will be interested in a quick disposition if the home has already gone back to bank owned. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work needed to make the property marketable at full market value consistent with the other houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of a bank owned home, in addition to the special data you will need -- competing listings, market trends, and so forth. You can rely on Tri-County Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |