Matthew Wood Appraisal Service, LLC is experienced when you need appraisals for bank owned properties in Hancock, Maryland

When there is a home in foreclosure, you should differentiate market value versus a "quick disposition" assessment to analyze your probable charge-off liability. Matthew Wood Appraisal Service, LLC has the training in both producing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line.

	You need a company with the training to work with the particular dynamics of a foreclosure appraisal. Contact Matthew Wood Appraisal Service, LLC for a company you can rely on.

Owners of properties in foreclosure can present unique challenges: They may be uncooperative when it comes to allowing an inspection of the property. They may have deserted the house already and/or ignored the care of the property for awhile - or in some cases caused damage to the property.

For a property that has already gone back to REO, you likewise will be going for an expedited resolution. In any case, you'll still want to consider three ways of figuring the value of the asset (or in some cases, liability):

• As Repaired. Possible market value with the repairs needed to make the house marketable at full market value - consistent with similar homes in the area
• As-is. The market value of the house without any work done to it
• Quick sale. Somewhere in the middle, with minor investment in repairs - to get rid of the property quickly, probably as a "fixer-upper"