Gold Coast Appraisal Group LLC is a company you can trust when you need appraisals for foreclosures in Cliffside Park
There are special appraisal challenges regarding a property in foreclosure or one that has gone back to the lender's holding.
For a property in foreclosure, you might need to recognize the difference between the fair market value and "quick disposition" value to know your potential charge-off liability. The professionals at Gold Coast Appraisal Group LLC can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
Gold Coast Appraisal Group LLC has the experience to work with the specific dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can rely on.
Occupants of properties in foreclosure might be uncooperative to allowing an inspection of the property, thus presenting particular challenges. They may have deserted the house already and/or overlooked the care of the house for some time - or even worse, ransacked the property.
You'll be interested in a speedy disposition if the home has already reverted to REO. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs performed, with the work due to make the house marketable at full market value consistent with the other properties in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of a bank owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Gold Coast Appraisal Group LLC to handle the task of your REO professionally and efficiently. Contact us today.