REO Appraisal in Southern New JerseyHomes in foreclosure and properties that have gone back to the financial institution's holding present specific appraisal challenges. When there is a house in foreclosure, you should understand the difference between fair market worth and "quick disposition" value to know your probable charge-off liability. At South Jersey Appraisal Associates, LLC, we have the background in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time line. We have the qualifications to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact South Jersey Appraisal Associates, LLC. Unique challenges can be present when working with owners of houses in foreclosure. They might be disinclined to allow an inspection of the property. They might have abandoned the property already and/or ignored the care of the property for awhile - or even worse, ransacked the house. For real estate that has already reverted to REO, you probably will be seeking an expeditious resolution . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any work done to it, with the work needed to make the house marketable at full market value appropriate with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special situation of an REO home, as well as the unique data you will need -- competing listings, market trends, and so forth. You can count on South Jersey Appraisal Associates, LLC to take on the task of your REO with expertise and professionalism. Contact us today. |