Real Estate Owned Appraisal in Bergen County
Homes in foreclosure and properties that have returned to the financial institution's ownership create particular appraisal difficulties.
For a property in foreclosure, you might need to know the difference between fair market and "quick disposition" price to know your possible charge-off liability. The professionals at Gold Coast Appraisal Group LLC can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company with the expertise to deal with the specific dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can trust.
Owners of property in foreclosure, of course, can present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the home already, they could have ignored the care of the house for quite awhile - or worse, ransacked the house.
You'll be interested in a fast disposition if the home has gone back to Real Estate Owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the repairs necessary to make the property marketable at full market value consistent with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the unique situation of an REO home, in addition to the specific information you will need -- competing listings, neighborhood trends, and so forth. You can bank on Gold Coast Appraisal Group LLC to handle the task of your REO professionally and efficiently. Contact us today.