Moorhouse Appraisal Service, LLC is experienced when it comes to foreclosures in Hampden CountyThere are various appraisal difficulties regarding a house in foreclosure or one that has returned to the institution's holding.
You need to differentiate the meanings of "market value" and a "quick disposition" assessment to analyze what losses you stand to realize when dealing with a property in foreclosure. Moorhouse Appraisal Service, LLC has the background in both producing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
Owners of homes in foreclosure could be unwilling to allow an inspection of the house, thus presenting special challenges. They might have deserted the property already and/or ignored the care of the home for quite awhile - or worse, intentionally harmed the house.
For a house that has already gone back to Real Estate Owned, you most likely will be seeking a quick disposition. However, you may want to understand and review three values - "as-is", "as repaired", and "quick sale". These correspond to: