Ascension Appraisal is experienced when it comes to foreclosures in Worcester
There are particular appraisal difficulties when we're talking about a home in foreclosure or one that has reverted to the lender's ownership.
You need to understand the difference between fair market price and "quick disposition" price to know your potential charge-off liability when dealing with a property in foreclosure. At Ascension Appraisal, we have the training in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
Ascension Appraisal has the training to work with the particular dynamics of a foreclosure appraisal. Contact Ascension Appraisal for a company you can count on.
Special challenges may be present when working with owners of property in foreclosure. They may be opposed to allowing an inspection of the house. They may have deserted the house already and/or neglected care of the home for some time - or in some cases intentionally harmed the home.
If your home has already gone back to Real Estate Owned, you will interested in an expedited disposition. However, you may want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs called for to make the house marketable at full market value commensurate with the other houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique circumstances of an REO home, as well as the special information you'll need -- competing listings, market trends, and the like. You can count on Ascension Appraisal to take on the task of your bank owned property professionally and efficiently. Contact us today.