West End Appraisals is experienced when you need appraisals for bank owned properties in Whitinsville, MassachusettsHouses in foreclosure and houses that have reverted to the lender's possession present particular appraisal challenges.
When there is a home in foreclosure, it's important to ascertain market value versus a "quick disposition" assessment to know your likely charge-off liability. West End Appraisals has the knowledge in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your time line.
Unique challenges can be present when working with owners of homes in foreclosure. They may be unwilling to allow an inspection of the home. Sometimes the homes show signs of vandalism, often at the hands of the former residents. Or, it's likely you'll find a house at a minimum abandoned or the home neglected for long periods of time.
For real estate that has gone back to Real Estate Owned, you most likely will be interested in an expedited resolution. But you might want to know about and analyze three values - "as-is", "as repaired", and "quick sale". These represent: