Foreclosure and REO Appraisal in Hampden County
Properties in foreclosure and houses that have reverted to the financial institution's holding present specific appraisal difficulties.
When dealing with a property in foreclosure, you should recognize the difference between fair market price and "quick disposition" price to evaluate your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints.
The professionals at Race Appraisal Services, LLC have the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Race Appraisal Services, LLC.
Occupants of in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting specific challenges. If they have abandoned the house already, they may have neglected care of the house for quite some time - or worse, damaged the home.
If your property has already reverted to REO, you will interested in a fast disposition. But you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work performed, with the work required to make the property marketable at full market value commensurate with competing houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a bank owned home, as well as the specific information you'll need -- competing listings, market trends, and the like. You can bank on Race Appraisal Services, LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.