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Call William Lento to order appraisals for Barnstable foreclosures

William Lento is experienced when you need appraisals for bank owned properties in West Barnstable, Massachusetts

Houses that have returned to the bank's possession and houses in foreclosure present unique appraisal problems.

It's vital to know the meanings of "market value" and a "quick disposition" assessment to evaluate what losses you stand to have to endure when dealing with a home in foreclosure. At William Lento, we have the knowledge in both supplying snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that factor in your time constraints.

We have the qualifications to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact William Lento.

Particular challenges might be present when working with owners of homes in foreclosure. They could be opposed to allowing an inspection of the house. If they have abandoned the property already, they might have neglected care of the property for some time - or even worse, caused damage to the home.

For real estate that has changed to Real Estate Owned, you typically will want to get rid of it quickly. In any case, you'll still want to consider three ways of determining the value of the asset (or in some cases, liability):

  • As Repaired. Value with the repairs needed to make the home marketable at full market value - commensurate with similar properties in the area
  • As-is. The market value of the house without any repairs performed
  • Quick sale. With minor investment in repairs - to offload the home quickly, seemingly to someone inclined to finish the job themselves
Again, we understand your urgency and the specific circumstances of an REO house, in addition to the unique data you will need - competing listings, neighborhood trends, and the like. You can rely on William Lento to handle the appraisal of your REO professionally and efficiently. Contact us today.