Eastern Appraisal Services, Inc. is experienced when you need appraisals for bank owned properties in Providence CountyHouses in foreclosure and houses that have reverted to the bank's ownership bring forth particular appraisal challenges.
For a house in foreclosure, you need to understand the gap between market and a "quick disposition" value to know your likely charge-off liability. Eastern Appraisal Services, Inc. has the background in both providing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line.
Unique challenges might be present when dealing with owners of houses in foreclosure. They could be opposed to allowing an inspection of the house. They might have moved out of the property already and/or overlooked the care of the property for some time - or gone as far as vandalized the home.
If you're dealing with home that has reverted to bank owned, you will interested in a fast disposition. But you may want to understand and compare three values: as-is, as repaired, and "quick sale". These correspond to: