Ascension Appraisal is a company you can trust when it comes to bank owned properties in Worcester
There are unique appraisal problems involved in a property in foreclosure or one that has returned to the financial institution's control.
When there is a property in foreclosure, you need to ascertain the difference between fair market price and "quick disposition" value to evaluate your possible charge-off liability. At Ascension Appraisal, we have the knowledge in both providing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time constraints.
We have the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Ascension Appraisal.
Unique challenges can be present when dealing with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the house. They may have moved out of the property already and/or neglected care of the property for quite awhile - or gone as far as vandalized the house.
You'll be interested in an expedited disposition if the home has already gone back to bank owned. So you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work performed, with the repairs necessary to make the property marketable at full market value appropriate with similar properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the specific situation of a bank owned property, as well as the special information you'll need -- competing listings, market trends, and so forth. You can rely on Ascension Appraisal to take on the task of your REO with expertise and professionalism. Contact us today.