Race Appraisal Services, LLC is a company you can trust when it comes to foreclosures in Hampden
Houses that have returned to the bank's ownership and properties in foreclosure present special appraisal challenges.
It's vital to ascertain the difference between fair market value and "quick disposition" price to evaluate what losses you might sustain when dealing with a house in foreclosure. Race Appraisal Services, LLC has the training in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
We have the training to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Race Appraisal Services, LLC.
Owners of properties in foreclosure, of course, can present specific challenges. They could be uncooperative to allowing an inspection of the property. If they abandoned the house already, they might have overlooked the care of the home for awhile - or unfortunately, caused damage to the property.
If your property has already reverted to REO, you will interested in a speedy disposition. But you may want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the repairs necessary to make the property marketable at full market value appropriate with the other real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your time line and the specific circumstances of a Real Estate Owned home, as well as the special data you'll need -- competing listings, market trends, and so forth. You can bank on Race Appraisal Services, LLC to take on the task of your bank owned property professionally and efficiently. Contact us today.