Foreclosure and REO Appraisal in Bergen CountyProperties that have reverted to the bank's ownership and properties in foreclosure present particular appraisal problems. It's vital to differentiate the difference between fair market value and "quick disposition" worth to analyze your possible charge-off liability when dealing with a home in foreclosure. Duncan Appraisals has the training in both supplying snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line. We have the experience to work with the particular dynamics of a foreclosure appraisal. Contact Duncan Appraisals for a company you can count on. Owners of homes in foreclosure, of course, can present unique challenges. They might be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have ignored the care of the house for quite awhile - or unfortunately, ransacked the home. For a house that has already returned to REO, you probably will be going for an expeditious resolution . But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs due to make the house marketable at full market value commensurate with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO house, in addition to the specific data you'll need -- competing listings, neighborhood trends, and the like. You can rely on Duncan Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today. |
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