Real Estate Owned Appraisals in Mercer County
Houses in foreclosure and homes that have gone back to the bank's control create specific appraisal problems.
When there is a home in foreclosure, you should know the difference between fair market price and "quick disposition" price to analyze your potential charge-off liability. At Home Appraisals of Central New Jersey, we have the experience in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
Home Appraisals of Central New Jersey has the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Home Appraisals of Central New Jersey.
Owners of property in foreclosure, of course, can present unique challenges. They could be uncooperative to allowing an inspection of the house. If they moved out of the home already, they might have neglected care of the home for a long time - or even worse, damaged the home.
For real estate that has gone back to Real Estate Owned, you probably will want it off your hands as quickly as possible . But you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the work required to make the house marketable at full market value corresponding with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific situation of an REO house, in addition to the special information you will need -- competing listings, market trends, and so forth. You can count on Home Appraisals of Central New Jersey to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.