REO and Foreclosure Appraisals in Monmouth County
Houses in foreclosure and houses that have returned to the financial institution's holding present special appraisal problems.
For a property in foreclosure, you should recognize the difference between fair market worth and "quick disposition" worth to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company who has the experience to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact JWD APPRAISAL SERVICE, LLC..
Occupants of homes in foreclosure might be opposed to allowing an inspection of the house, thus presenting particular challenges. Sometimes the subjects have been intentionally damaged, unfortunately at the hands of the former residents themselves. Or, it's common to discover the residents have moved out or the home neglected for long of time.
If your house has already reverted to bank owned, you will interested in a speedy disposition. But you may want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the repairs necessary to make the property marketable at full market value corresponding with competing properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the specific circumstances of an REO home, in addition to the unique data you will need -- competing listings, market trends, and the like. You can bank on JWD APPRAISAL SERVICE, LLC. to handle the task of your bank owned property with expertise and professionalism. Contact us today.