Ascension Appraisal is experienced when you need appraisals for foreclosures in Worcester
Houses in foreclosure and homes that have reverted to the financial institution's possession bring forth special appraisal problems.
You need to know the difference between fair market value and "quick disposition" value to analyze your probable charge-off liability when dealing with a property in foreclosure. The professionals at Ascension Appraisal can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into account your urgency.
You need a company who has the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact Ascension Appraisal for a company you can count on.
Special challenges may be present when dealing with owners of homes in foreclosure. They might be disinclined to allow an inspection of the house. They might have deserted the property already and/or neglected care of the home for awhile - or gone as far as ransacked the property.
For a home that has reverted to Real Estate Owned, you probably will be seeking a quick resolution . But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the work called for to make the property marketable at full market value consistent with similar real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO home, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on Ascension Appraisal to handle the task of your bank owned property professionally and efficiently. Contact us today.