REO and Foreclosure Appraisal in Worcester CountyThere are various appraisal challenges when it comes to a property in foreclosure or one that has reverted to the institution's holding.It's important to ascertain the meanings of "market value" and a "quick disposition" assessment to evaluate your possible write-down liability when dealing with a property in foreclosure. Superior Appraisal Services, Inc. has the experience in both producing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
Special challenges may be present when dealing with owners of houses in foreclosure. They could be unwilling to allow an inspection of the property. They could have left the home already and/or neglected care of the house for a long time - or unfortunately, intentionally harmed the property.
You'll be interested in a fast disposition if the property has gone back to bank owned. So you may want to know and compare three values: "as-is", "as repaired", and "quick sale". These symbolize: |