Foreclosure and Real Estate Owned Appraisal in Larimer County
Properties that have reverted to the bank's holding and properties in foreclosure create special appraisal problems.
You should recognize the difference between fair market value and "quick disposition" price to analyze what losses you might sustain when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
We have the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact Accurate Appraisal and Review Service, Inc. for a company you can trust.
Occupants of property in foreclosure may be unwilling to allow an inspection of the house, thus presenting unique challenges. Sometimes the subjects have been vandalized, unfortunately by the former residents themselves. Or, it's common to find nobody has occupied the house for months 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 examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs done to it, with the work necessary to make the home marketable at full market value corresponding with similar houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special circumstances of a bank owned house, as well as the specific data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Accurate Appraisal and Review Service, Inc. to handle the task of your REO professionally and efficiently. Contact us today.