Real Estate Owned and Foreclosure Appraisal in Bergen County
There are various appraisal difficulties when it comes to a house in foreclosure or one that has returned to the bank's ownership.
When there is a property in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" price to analyze your likely charge-off liability. The professionals at Gold Coast Appraisal Group LLC can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your urgency.
You need a company with the expertise to handle the special dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can count on.
Particular challenges may be present when dealing with owners of houses in foreclosure. They may be opposed to allowing an inspection of the house. If they moved out of the home already, they could have not taken care of the property for some time - or even worse, damaged the house.
You will be interested in an expeditious disposition if the home has already returned to Real Estate Owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the repairs required to make the house marketable at full market value consistent with competing properties in the neighborhood, 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 timeline and the special situation of a Real Estate Owned home, as well as the special data you will need -- competing listings, neighborhood trends, and the like. You can rely on Gold Coast Appraisal Group LLC to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.