Real Estate Owned Appraisal in Worcester County
There are various appraisal difficulties involved in a property in foreclosure or one that has gone back to the lender's control.
When there is a property in foreclosure, it's important to differentiate the difference between fair market worth and "quick disposition" value to know your likely charge-off liability. At Ascension Appraisal, we have the background in both supplying snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time line.
The professionals at Ascension Appraisal have the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Ascension Appraisal.
Occupants of homes in foreclosure might be disinclined to allow an inspection of the house, thus presenting particular challenges. If they moved out of the property already, they could have neglected care of the property for awhile - or unfortunately, damaged the property.
For real estate that has gone back to REO, you probably will want to get rid of it quickly . But you might want to understand and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs due to make the home marketable at full market value appropriate with competing properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO property, as well as the specific information you will need -- competing listings, market trends, and so forth. You can bank on Ascension Appraisal to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.