Real Estate Owned Appraisal in Worcester County
Real Estate in foreclosure and homes that have returned to the lender's ownership create specific appraisal challenges.
You should know the difference between fair market price and "quick disposition" worth to know what losses you might have to endure when dealing with a home in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
Ascension Appraisal has the experience to work with the special dynamics of a foreclosure appraisal. Contact Ascension Appraisal for a company you can rely on.
Owners of homes in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting specific challenges. Sometimes the houses have been vandalized, often at the hands of the residents themselves. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for long of time.
If your home has already reverted to Real Estate Owned, you will interested in an expeditious disposition. However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the repairs due to make the house marketable at full market value consistent with the other real estate in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned property, as well as the unique information you will need -- competing listings, market trends, and so forth. You can rely on Ascension Appraisal to handle the task of your REO with expertise and professionalism. Contact us today.