Preferred Appraisers, Inc. is experienced when you need appraisals for bank owned properties in Gloucester
Properties that have returned to the bank's possession and houses in foreclosure present unique appraisal difficulties.
When there is a property in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" price to know your probable charge-off liability. Preferred Appraisers, Inc. has the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time constraints.
You need a company who has the experience to deal with the particular dynamics of a foreclosure appraisal. Contact Preferred Appraisers, Inc. for a company you can trust.
Owners of in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting particular challenges. They may have abandoned the property already and/or ignored the care of the house for quite awhile - or worse, vandalized the property.
For a house that has reverted to Real Estate Owned, you probably will want to get rid of it quickly . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the repairs due to make the property marketable at full market value consistent with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned property, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can bank on Preferred Appraisers, Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.