Foreclosure Appraisals in Monmouth CountyThere are special appraisal difficulties when we're talking about a property in foreclosure or one that has returned to the financial institution's possession. For a home in foreclosure, you need to understand the difference between the fair market price and "quick disposition" price to know your potential charge-off liability. The Welter Appraisal Group has the experience in both presenting snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time line. You need a company with the training to deal with the unique dynamics of a foreclosure appraisal. Contact The Welter Appraisal Group for a company you can count on. Occupants of property in foreclosure may be opposed to allowing an inspection of the home, thus presenting specific challenges. They could have moved out of the house already and/or ignored the care of the house for quite awhile - or unfortunately, damaged the property. For a home that has already reverted to bank owned, you likewise will be seeking an expedited resolution . However, you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any work done to it, with the work called for to make the house marketable at full market value corresponding with the other properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO property, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can rely on The Welter Appraisal Group to take on the appraisal of your REO with expertise and professionalism. Contact us today. |