Foreclosure and REO Appraisal in Bergen County
Real Estate in foreclosure and homes that have returned to the lender's holding create special appraisal challenges.
It's key to know the difference between fair market worth and "quick disposition" worth to evaluate your possible charge-off liability when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints.
Gold Coast Appraisal Group LLC has the training to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact Gold Coast Appraisal Group LLC.
Specific challenges can be present when dealing with owners of houses in foreclosure. They could be opposed to allowing an inspection of the house. They may have abandoned the home already and/or ignored the care of the home for quite some time - or even worse, vandalized the home.
You'll be interested in a quick disposition if the home has gone back to Real Estate Owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work necessary to make the house marketable at full market value consistent with competing homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the specific situation of a bank owned house, in addition to the unique information you will need -- competing listings, neighborhood trends, and so forth. You can rely on Gold Coast Appraisal Group LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.