Foreclosure and REO Appraisals in Hampden CountyHouses in foreclosure and properties that have gone back to the bank's control bring forth unique appraisal challenges. For a home in foreclosure, you might need to understand the gap between the fair market worth and "quick disposition" worth to know your probable charge-off liability. At Race Appraisal Services, LLC, we have the experience in both providing snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency. Race Appraisal Services, LLC has the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Race Appraisal Services, LLC. Occupants of dwellings in foreclosure might be opposed to allowing an inspection of the house, thus presenting particular challenges. If they abandoned the house already, they might have ignored the care of the home for quite awhile - or even worse, caused damage to the house. For a home that has gone back to Real Estate Owned, you typically will want it off your hands as quickly as possible . However, you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the work needed to make the property marketable at full market value commensurate with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of a Real Estate Owned property, as well as the specific information you will need -- competing listings, neighborhood trends, and so forth. You can count on Race Appraisal Services, LLC to take on the appraisal of your REO with expertise and professionalism. Contact us today. |