Foreclosure and Real Estate Owned Appraisal in Bergen County
There are particular appraisal difficulties regarding a house in foreclosure or one that has returned to the financial institution's holding.
For a house in foreclosure, you might need to know the gap between the fair market and "quick disposition" worth to know your likely charge-off liability. Gold Coast Appraisal Group LLC has the training in both supplying snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.
Gold Coast Appraisal Group LLC has the expertise to deal with the particular dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can trust.
Occupants of homes in foreclosure may be unwilling to allow an inspection of the home, thus presenting special challenges. They could have deserted the house already and/or overlooked the care of the property for a long time - or in some cases ransacked the home.
If your property has already gone back to Real Estate Owned, you will interested in a speedy disposition. However, you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the repairs necessary to make the home marketable at full market value appropriate with the other houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of a bank owned home, as well as the unique data you'll need -- competing listings, market trends, and the like. You can count on Gold Coast Appraisal Group LLC to handle the appraisal of your REO professionally and efficiently. Contact us today.