Valley Appraisals, Inc is the company you should trust when it comes to foreclosures in Pitkin CountyProperties in foreclosure and houses that have reverted to the financial institution's ownership create specific appraisal problems.
For a house in foreclosure, you would be wise to understand the difference between market and a "quick disposition" value to know your potential charge-off liability. At Valley Appraisals, Inc, we have the knowledge in both providing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your pressing needs.
Special challenges might be present when dealing with owners of houses in foreclosure. They may be unwilling to allow an inspection of the house. If they moved out of the home already, they might have ignored the care of the house for a long time - or worse, damaged the home.
For real estate that has already returned to bank owned, you typically will want to get rid of it quickly. However, you may want to understand and analyze the concepts of "as-is", "as repaired", and "quick sale" values. These represent: