Foreclosure and Real Estate Owned Appraisals in Gloucester CountyHomes in foreclosure and houses that have gone back to the institution's holding create special appraisal challenges. For a home in foreclosure, you need to understand the difference between the fair market value and "quick disposition" value to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your timeline. Preferred Appraisers, Inc. has the experience to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Preferred Appraisers, Inc.. Owners of dwellings in foreclosure may be unwilling to allow an inspection of the house, thus presenting unique challenges. If they moved out of the home already, they may have neglected care of the home for quite some time - or even worse, ransacked the house. For a property that has already changed to bank owned, you likewise will be going for an expeditious resolution . But you might want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the repairs due to make the house marketable at full market value comparable with competing houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific circumstances of a Real Estate Owned property, as well as the special information you will need -- competing listings, market trends, and so forth. You can count on Preferred Appraisers, Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today. |