Real Estate Owned and Foreclosure Appraisals in Bergen County
Houses that have gone back to the institution's holding and homes in foreclosure create specific appraisal problems.
It's important to understand the difference between fair market worth and "quick disposition" price to evaluate what losses you stand to realize when dealing with a property in foreclosure. Gold Coast Appraisal Group LLC has the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
Gold Coast Appraisal Group LLC has the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Gold Coast Appraisal Group LLC.
Owners of property in foreclosure, of course, can present unique challenges. They might be opposed to allowing an inspection of the house. If they have abandoned the property already, they could have ignored the care of the home for quite awhile - or unfortunately, caused damage to the house.
You'll be interested in an expeditious disposition if the house has gone back to Real Estate Owned. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work performed, with the repairs needed to make the property marketable at full market value corresponding with competing real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of a Real Estate Owned house, as well as the unique data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Gold Coast Appraisal Group LLC to take on the task of your bank owned property with expertise and professionalism. Contact us today.