B & J APPRAISALS, INC. is a company you can trust when you need appraisals for bank owned properties in Westchester
Properties that have reverted to the bank's ownership and houses in foreclosure create unique appraisal challenges.
For a home in foreclosure, you might need to understand the gap between fair market price and "quick disposition" worth to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time line.
B & J APPRAISALS, INC. has the expertise to handle the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact B & J APPRAISALS, INC..
Occupants of property in foreclosure could be disinclined to allow an inspection of the property, thus presenting special challenges. Sometimes the properties have been ransacked, often by the residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for extended periods of time.
You'll be interested in a fast disposition if the house has already gone back to bank owned. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs done to it, with the work called for to make the property marketable at full market value corresponding with similar properties in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the specific circumstances of an REO home, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can bank on B & J APPRAISALS, INC. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.