William Lento is experienced when you need appraisals for bank owned properties in West Barnstable, MassachusettsHouses 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.
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): |