Barnstable/Plymouth Appraisal Services is a company you can trust when it comes to foreclosures in Barnstable
There are specific appraisal problems involved in a house in foreclosure or one that has gone back to the institution's holding.
For a house in foreclosure, you need to understand the difference between the fair market and "quick disposition" value to know your potential charge-off liability. The professionals at Barnstable/Plymouth Appraisal Services can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time line.
You need a company with the training to work with the special dynamics of a foreclosure appraisal. Contact Barnstable/Plymouth Appraisal Services for a company you can trust.
Unique challenges may be present when working with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the property. They might have deserted the house already and/or neglected care of the house for quite some time - or in some cases caused damage to the house.
You'll be interested in an expedited disposition if the property has already returned to REO. So you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any repairs done to it, with the work due to make the home marketable at full market value consistent with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special circumstances of an REO house, as well as the special information you'll need -- competing listings, market trends, and the like. You can rely on Barnstable/Plymouth Appraisal Services to handle the task of your REO professionally and efficiently. Contact us today.