Ascension Appraisal is experienced when you need appraisals for bank owned properties in Worcester
Properties that have gone back to the bank's holding and homes in foreclosure create special appraisal challenges.
When dealing with a property in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" price to know your possible charge-off liability. At Ascension Appraisal, we have the background in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
You need a company with the qualifications to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact Ascension Appraisal.
Particular challenges might be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the property. Often the homes show signs of vandalism, often by the former residents themselves. Or, it's likely you'll discover the previous owners have moved out or the home languishing in disrepair for extended periods of time.
You'll be interested in an expeditious disposition if the house has already returned to bank owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs done to it, with the work needed to make the property marketable at full market value appropriate with the other real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific situation of an REO home, as well as the specific data you'll need -- competing listings, market trends, and the like. You can bank on Ascension Appraisal to handle the task of your bank owned property professionally and efficiently. Contact us today.