Foreclosure and Real Estate Owned Appraisals in Bergen CountyProperties in foreclosure and properties that have returned to the lender's possession create various appraisal challenges. When dealing with a house in foreclosure, it's important to know the difference between fair market value and "quick disposition" price to analyze your probable charge-off liability. Duncan Appraisals has the knowledge in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your urgency. We have the training to handle the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Duncan Appraisals. Owners of properties in foreclosure might be opposed to allowing an inspection of the house, thus presenting special challenges. If they abandoned the house already, they could have not taken care of the home for some time - or unfortunately, ransacked the home. You will be interested in a quick disposition if the house has gone back to Real Estate Owned. So you may want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the work called for to make the home marketable at full market value appropriate with similar real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone who'd prefer to finish the job themselves. Again, we understand your timeline and the special circumstances of a Real Estate Owned house, as well as the specific information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Duncan Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |
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