REO and Foreclosure Appraisals in Worcester CountyThere are unique appraisal difficulties for a house in foreclosure or one that has returned to the bank's holding. You need to differentiate the difference between fair market value and "quick disposition" price to know your possible charge-off liability when dealing with a house in foreclosure. The professionals at Ascension Appraisal can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency. Ascension Appraisal has the training to handle the particular dynamics of a foreclosure appraisal. Contact Ascension Appraisal for a company you can rely on. Specific challenges can be present when dealing with owners of homes in foreclosure. They might be uncooperative to allowing an inspection of the house. They may have moved out of the house already and/or neglected care of the home for quite awhile - or unfortunately, vandalized the house. You will be interested in an expeditious disposition if the home has changed to bank owned. So you may want to understand and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work performed, with the repairs due to make the house marketable at full market value corresponding with competing houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of an REO house, as well as the specific data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Ascension Appraisal to take on the appraisal of your REO professionally and efficiently. Contact us today. |