Real Estate Owned and Foreclosure Appraisal in Monmouth CountyThere are special appraisal challenges for a property in foreclosure or one that has gone back to the financial institution's control. For a property in foreclosure, you may need to recognize the gap between fair market and "quick disposition" price to know your possible charge-off liability. At Haas Appraisal Service, we have the knowledge in both supplying snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your urgency. You need a company with the training to work with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Haas Appraisal Service. Specific challenges might be present when working with owners of properties in foreclosure. They could be disinclined to allow an inspection of the home. Sometimes the subjects show signs of vandalism, unfortunately by the residents themselves. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for long of time. You will be interested in a quick disposition if the home has returned to Real Estate Owned. So you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the work needed to make the house marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the specific circumstances of an REO home, in addition to the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Haas Appraisal Service to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |