Race Appraisal Services, LLC is a company you can trust when you need appraisals for foreclosures in Hampden
Properties that have gone back to the financial institution's ownership and properties in foreclosure present unique appraisal difficulties.
When there is a home in foreclosure, you should differentiate the difference between fair market price and "quick disposition" price to know your potential charge-off liability. At Race Appraisal Services, LLC, we have the experience in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
Race Appraisal Services, LLC has the expertise to work with the particular dynamics of a foreclosure appraisal. Contact Race Appraisal Services, LLC for a company you can trust.
Owners of homes in foreclosure, of course, can present special challenges. They might be opposed to allowing an inspection of the property. Often the properties show signs of vandalism, often at the hands of the former residents. Or, it's common to find nobody has lived in house for months or the home languishing in disrepair for long of time.
You'll be interested in a quick disposition if the home has returned to bank owned. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs necessary to make the house marketable at full market value corresponding with the other homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the specific situation of a bank owned home, in addition to the special information you'll need -- competing listings, neighborhood 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.