Real Estate Owned and Foreclosure Appraisal in Bergen County
Properties in foreclosure and houses that have gone back to the bank's ownership bring forth various appraisal problems.
For a house in foreclosure, you may need to understand the gap between the fair market and "quick disposition" worth to know your likely 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 take into account your time constraints.
We have the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Gold Coast Appraisal Group LLC.
Unique challenges may be present when working with owners of property in foreclosure. They could be uncooperative to allowing an inspection of the property. If they have abandoned the property already, they might have ignored the care of the property for awhile - or unfortunately, caused damage to the property.
If your house has already reverted to REO, you will interested in a fast disposition. But you may want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the work called for to make the home marketable at full market value comparable with competing homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the unique circumstances of a bank owned house, in addition to the special data you'll need -- competing listings, market trends, and the like. You can rely on Gold Coast Appraisal Group LLC to handle the task of your REO professionally and efficiently. Contact us today.