Race Appraisal Services, LLC is a company you can trust when it comes to bank owned properties in Hampden
There are particular appraisal difficulties for a property in foreclosure or one that has gone back to the institution's ownership.
When dealing with a home in foreclosure, it's important to differentiate the difference between fair market worth and "quick disposition" worth to analyze your possible charge-off liability. Race Appraisal Services, LLC has the experience in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
The professionals at Race Appraisal Services, LLC have the training to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact Race Appraisal Services, LLC.
Unique challenges may be present when working with owners of property in foreclosure. They could be opposed to allowing an inspection of the home. If they deserted the home already, they might have overlooked the care of the property for quite awhile - or unfortunately, ransacked the property.
If your property has already gone back to REO, you will interested in a quick disposition. However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the work required to make the property marketable at full market value comparable with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique circumstances of an REO property, as well as the unique data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Race Appraisal Services, LLC to handle the appraisal of your REO professionally and efficiently. Contact us today.