Real Estate Owned and Foreclosure Appraisals in Bergen County
Houses in foreclosure and houses that have gone back to the bank's holding present various appraisal difficulties.
For a house in foreclosure, you need to understand the difference between fair market price and "quick disposition" worth to know your probable charge-off liability. We can provide both 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 with the expertise to handle the specific dynamics of a foreclosure appraisal. Contact Dougherty & Associates, L.L.C. for a company you can rely on.
Owners of property in foreclosure could be disinclined to allow an inspection of the property, thus presenting specific challenges. If they moved out of the house already, they could have not taken care of the home for awhile - or worse, ransacked the property.
If your property has already reverted to bank owned, you will interested in a fast disposition. But you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the work due to make the property marketable at full market value commensurate with similar homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned property, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Dougherty & Associates, L.L.C. to handle the task of your bank owned property professionally and efficiently. Contact us today.