Race Appraisal Services, LLC is a company you can trust when you need appraisals for bank owned properties in East Longmeadow
There are various appraisal problems for a property in foreclosure or one that has returned to the institution's possession.
For a house in foreclosure, you need to know the gap between fair market value and "quick disposition" to know your possible charge-off liability. Race Appraisal Services, LLC has the background in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
You need a company who has the expertise to work with the unique dynamics of a foreclosure appraisal. Contact Race Appraisal Services, LLC for a company you can count on.
Special challenges might be present when working with owners of property in foreclosure. They may be uncooperative to allowing an inspection of the home. They could have left the property already and/or neglected care of the property for quite awhile - or in some cases intentionally harmed the property.
For real estate that has changed to Real Estate Owned, you likewise will be seeking a speedy resolution . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the repairs needed to make the home marketable at full market value comparable with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special situation of an REO house, as well as the special information you'll need -- competing listings, market trends, and the like. You can count on Race Appraisal Services, LLC to take on the task of your REO with expertise and professionalism. Contact us today.