Call Preferred Appraisers, Inc. to discuss valuations regarding Gloucester foreclosures

Real Estate Owned and Foreclosure Appraisal in Gloucester County

There are special appraisal difficulties regarding a property in foreclosure or one that has returned to the lender's ownership.

For a house in foreclosure, you may need to understand the gap between fair market price and "quick disposition" value to know your possible charge-off liability. At Preferred Appraisers, Inc., we have the training in both supplying snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your timeline.

The professionals at Preferred Appraisers, Inc. have the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact Preferred Appraisers, Inc. for a company you can count on.

Occupants of property in foreclosure might be opposed to allowing an inspection of the property, thus presenting specific challenges. If they left the property already, they might have ignored the care of the house for quite awhile - or worse, ransacked the property.

For a property that has changed to Real Estate Owned, you most likely will want to get rid of it quickly . However, you may want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs required to make the house marketable at full market value appropriate with the other homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a Real Estate Owned property, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can count on Preferred Appraisers, Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.