Foreclosure and REO Appraisal in Bergen County
Houses that have gone back to the financial institution's ownership and properties in foreclosure bring forth various appraisal problems.
When there is a home in foreclosure, it's important to know the difference between fair market price and "quick disposition" value to know your probable charge-off liability. Gold Coast Appraisal Group LLC has the training in both providing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your urgency.
The professionals at Gold Coast Appraisal Group LLC have the experience to work with the special dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can rely on.
Occupants of houses in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting specific challenges. If they moved out of the property already, they could have neglected care of the property for awhile - or worse, damaged the house.
If your home has already changed to Real Estate Owned, you will interested in a quick disposition. But you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the work due to make the home marketable at full market value commensurate with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your time line and the unique circumstances of an REO house, as well as the special data you will need -- competing listings, market trends, and so forth. You can count on Gold Coast Appraisal Group LLC to take on the task of your bank owned property with expertise and professionalism. Contact us today.