REO Appraisals in Bergen County
Homes that have returned to the bank's ownership and homes in foreclosure bring forth unique appraisal problems.
For a home in foreclosure, you need to recognize the difference between the fair market value and "quick disposition" worth to know your possible charge-off liability. Gold Coast Appraisal Group LLC has the experience in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your timeline.
We have the expertise to work with the unique dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can count on.
Unique challenges may be present when working with owners of homes in foreclosure. They could be opposed to allowing an inspection of the property. They could have abandoned the property already and/or neglected care of the home for awhile - or even worse, ransacked the home.
If your home has gone back to Real Estate Owned, you will interested in an expeditious disposition. However, you might want to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work called for to make the home marketable at full market value corresponding with competing real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special circumstances of an REO house, in addition to the special data you'll need -- competing listings, neighborhood trends, and the like. You can bank on Gold Coast Appraisal Group LLC to handle the task of your bank owned property with expertise and professionalism. Contact us today.