Real Estate Owned Appraisal in Passaic CountyHomes in foreclosure and homes that have returned to the institution's ownership bring forth various appraisal problems. When there is a property in foreclosure, you should differentiate the difference between fair market worth and "quick disposition" price to evaluate your possible charge-off liability. Vincent Melone has the training in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency. The professionals at Vincent Melone have the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact Vincent Melone for a company you can rely on. Owners of houses in foreclosure might be uncooperative to allowing an inspection of the property, thus presenting specific challenges. If they moved out of the house already, they might have overlooked the care of the home for quite awhile - or even worse, caused damage to the property. If your house has reverted to bank owned, you will interested in an expeditious disposition. However, you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the work necessary to make the property marketable at full market value consistent with competing real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned home, as well as the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on Vincent Melone to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |