Gold Coast Appraisal Group LLC is a company you can trust when it comes to bank owned properties in Bergen
There are unique appraisal difficulties involved in a house in foreclosure or one that has reverted to the institution's control.
When dealing with a house in foreclosure, it's important to ascertain the difference between fair market value and "quick disposition" value to analyze your likely charge-off liability. At Gold Coast Appraisal Group LLC, we have the background in both supplying snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your urgency.
You need a company who has the expertise to deal with the unique dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can rely on.
Owners of in foreclosure might be disinclined to allow an inspection of the home, thus presenting particular challenges. Often the homes show signs of vandalism, often by the former residents. Or, it's likely you'll find nobody has occupied the house for months or the home languishing in disrepair for long of time.
You'll be interested in a quick disposition if the property has already changed to REO. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the work necessary to make the property marketable at full market value appropriate with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned house, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Gold Coast Appraisal Group LLC to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.