Foreclosure and Real Estate Owned Appraisal in Bergen County
Houses in foreclosure and properties that have reverted to the bank's ownership present unique appraisal problems.
You should understand the difference between fair market price and "quick disposition" value to evaluate your probable charge-off liability when dealing with a property in foreclosure. At Gold Coast Appraisal Group LLC, we have the knowledge in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
The professionals at Gold Coast Appraisal Group LLC have the training to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Gold Coast Appraisal Group LLC.
Unique challenges might be present when dealing with owners of property in foreclosure. They could be unwilling to allow an inspection of the home. Sometimes the homes have been ransacked, unfortunately by the former residents. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for long of time.
If your property has already gone back to bank owned, you will interested in an expeditious disposition. But you might want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any work done to it, with the repairs needed to make the property marketable at full market value appropriate with similar real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the special situation of a bank owned property, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Gold Coast Appraisal Group LLC to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.