Real Estate Owned and Foreclosure Appraisals in Bergen County
Houses that have gone back to the institution's possession and properties in foreclosure create specific appraisal difficulties.
When there is a property in foreclosure, you need to know the difference between fair market price and "quick disposition" value to analyze your likely charge-off liability. At Gold Coast Appraisal Group LLC, we have the experience in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company with the experience to deal with the unique dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can trust.
Owners of in foreclosure might be unwilling to allow an inspection of the house, thus presenting unique challenges. They could have abandoned the house already and/or overlooked the care of the home for quite some time - or unfortunately, caused damage to the home.
You will be interested in a fast disposition if the property has already reverted to bank owned. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any work done to it, with the work necessary to make the property marketable at full market value corresponding with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of an REO home, as well as the special data you will need -- competing listings, neighborhood trends, and so forth. You can rely on Gold Coast Appraisal Group LLC to handle the task of your bank owned property professionally and efficiently. Contact us today.