Call Ascension Appraisal to discuss valuations for Worcester foreclosures

Ascension Appraisal is a company you can trust when you need appraisals for bank owned properties in Worcester

Houses that have returned to the bank's possession and homes in foreclosure present special appraisal challenges.

When there is a home in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" price to know your probable charge-off liability. Ascension Appraisal has the background in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.

We have the experience to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Ascension Appraisal.

Owners of property in foreclosure, of course, can present particular challenges. They could be unwilling to allow an inspection of the house. If they deserted the property already, they might have overlooked the care of the house for some time - or worse, damaged the property.

For real estate that has already gone back to bank owned, you likewise will be interested in a quick disposition . But you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the work required to make the property marketable at full market value comparable with similar properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of an REO property, in addition to the special data you will need -- competing listings, market trends, and the like. You can count on Ascension Appraisal to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.