Financial Appraisals, LLC is experienced when it comes to bank owned properties in BergenThere are particular appraisal problems when it comes to a property in foreclosure or one that has gone back to the institution's ownership. For a house in foreclosure, you should know the difference between the fair market price and "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time constraints. You need a company with the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Financial Appraisals, LLC. Owners of houses in foreclosure, of course, can present special challenges. They might be uncooperative to allowing an inspection of the home. Sometimes the properties show signs of vandalism, often by the former residents. Or, it's likely you'll find a house at a minimum abandoned or the home neglected for extended periods of time. If your home has gone back to Real Estate Owned, you will interested in an expedited disposition. But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the repairs necessary to make the property marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the special circumstances of an REO property, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can bank on Financial Appraisals, LLC to take on the task of your bank owned property with expertise and professionalism. Contact us today. |