REO Appraisal in Hampden County
Houses in foreclosure and homes that have reverted to the financial institution's holding create specific appraisal difficulties.
For a property in foreclosure, you may need to recognize the gap between fair market worth and "quick disposition" to know your probable charge-off liability. The professionals at Race Appraisal Services, LLC can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your timeline.
You need a company with the training to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Race Appraisal Services, LLC.
Occupants of in foreclosure could be opposed to allowing an inspection of the house, thus presenting particular challenges. They could have deserted the property already and/or ignored the care of the home for a long time - or worse, ransacked the house.
If your property has already changed to Real Estate Owned, you will interested in a fast disposition. However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the work due to make the property marketable at full market value comparable with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the special circumstances of a Real Estate Owned house, in addition to the specific data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Race Appraisal Services, LLC to take on the task of your REO with expertise and professionalism. Contact us today.