Foreclosure and Real Estate Owned Appraisal in Monmouth County
Properties that have gone back to the financial institution's possession and properties in foreclosure present unique appraisal challenges.
When there is a property in foreclosure, it's important to know the difference between fair market value and "quick disposition" price to analyze your likely charge-off liability. JWD APPRAISAL SERVICE, LLC. has the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints.
You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. Contact JWD APPRAISAL SERVICE, LLC. for a company you can count on.
Unique challenges may be present when working with owners of property in foreclosure. They could be opposed to allowing an inspection of the house. Sometimes the houses show signs of vandalism, unfortunately at the hands of the former residents themselves. Or, it's common to find nobody has lived in house for months or the home neglected for extended periods of time.
For real estate that has returned to bank owned, you probably will want to get rid of it quickly . However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the property without any repairs performed, with the repairs necessary to make the home marketable at full market value corresponding with the other houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a bank owned home, as well as the special information you'll need -- competing listings, neighborhood trends, and the like. You can rely on JWD APPRAISAL SERVICE, LLC. to handle the task of your bank owned property professionally and efficiently. Contact us today.