Foreclosure and REO Appraisal in Worcester CountyHouses that have reverted to the financial institution's possession and houses in foreclosure bring forth various appraisal challenges. When there is a property in foreclosure, it's important to ascertain the difference between fair market worth and "quick disposition" worth to evaluate your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your timeline. The professionals at Ascension Appraisal have the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact Ascension Appraisal for a company you can count on. Occupants of dwellings in foreclosure may be opposed to allowing an inspection of the home, thus presenting unique challenges. Often the houses have been ransacked, unfortunately by the residents. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time. For real estate that has gone back to bank owned, you probably will want to get rid of it quickly . But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs performed, with the work necessary to make the home marketable at full market value commensurate with competing homes 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 circumstances of a bank owned property, in addition to the unique data you will need -- competing listings, market trends, and the like. You can count on Ascension Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today. |