B & J APPRAISALS, INC. is a company you can trust when it comes to foreclosures in Westchester
There are particular appraisal difficulties when it comes to a property in foreclosure or one that has gone back to the financial institution's control.
When there is a property in foreclosure, you should know the difference between fair market price and "quick disposition" value to analyze your possible charge-off liability. B & J APPRAISALS, INC. has the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
You need a company who has the experience to work with the specific dynamics of a foreclosure appraisal. Contact B & J APPRAISALS, INC. for a company you can count on.
Special challenges can be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the house. Often the properties have been vandalized, often at the hands of the residents. Or, it's likely you'll find nobody has occupied the house for months or the home languishing in disrepair for extended periods of time.
If your home has changed to REO, you will interested in an expeditious disposition. But you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the repairs needed to make the house marketable at full market value corresponding with the other homes in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned home, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can count on B & J APPRAISALS, INC. to take on the task of your bank owned property professionally and efficiently. Contact us today.