Foreclosure Appraisals in Bergen County
Real Estate in foreclosure and homes that have returned to the institution's possession present specific appraisal challenges.
When there is a property in foreclosure, it's important to understand the difference between fair market price and "quick disposition" worth to analyze your potential charge-off liability. Gold Coast Appraisal Group LLC has the training in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line.
You need a company who has the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Gold Coast Appraisal Group LLC for a company you can trust.
Unique challenges can be present when dealing with owners of homes in foreclosure. They might be unwilling to allow an inspection of the home. They could have abandoned the home already and/or ignored the care of the house for awhile - or gone as far as caused damage to the home.
For real estate that has reverted to Real Estate Owned, you likewise will be going for a quick disposition . However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any repairs performed, with the repairs necessary to make the home marketable at full market value commensurate with similar real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific situation of a Real Estate Owned home, as well as the unique data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Gold Coast Appraisal Group LLC to take on the task of your REO professionally and efficiently. Contact us today.