Real Estate Owned Appraisal in Bergen County
Homes that have gone back to the institution's control and houses in foreclosure present various appraisal problems.
You need to differentiate the difference between fair market worth and "quick disposition" worth to analyze what losses you stand to realize when dealing with a home in foreclosure. The professionals at Gold Coast Appraisal Group LLC can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
The professionals at Gold Coast Appraisal Group LLC have the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can count on.
Owners of properties in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the house. They may have deserted the house already and/or neglected care of the house for awhile - or gone as far as intentionally harmed the home.
For a house that has already returned to bank owned, you most likely will be going for a speedy resolution . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the work needed to make the house marketable at full market value corresponding with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the special situation of a Real Estate Owned home, as well as the unique data you'll need -- competing listings, market trends, and the like. You can bank on Gold Coast Appraisal Group LLC to handle the task of your REO professionally and efficiently. Contact us today.