Tri-County Appraisals is experienced when it comes to foreclosures in Loveland
There are specific appraisal challenges for a house in foreclosure or one that has gone back to the bank's possession.
When there is a house in foreclosure, it's important to know the difference between fair market value and "quick disposition" value to evaluate your potential charge-off liability. At Tri-County Appraisals, we have the training in both presenting snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time constraints.
We have the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Tri-County Appraisals.
Owners of properties in foreclosure, of course, can present unique challenges. They might be unwilling to allow an inspection of the property. Sometimes the subjects have been ransacked, often by the former residents. Or, it's likely you'll find the previous owners have moved out or the home languishing in disrepair for long of time.
You'll be interested in a quick disposition if the property has reverted to Real Estate Owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the work required to make the property marketable at full market value comparable with the other homes in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and so forth. You can count on Tri-County Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.