Call Duncan Appraisals to order valuations regarding Bergen foreclosures

Foreclosure and REO Appraisals in Bergen County

There are various appraisal challenges when it comes to a property in foreclosure or one that has returned to the financial institution's holding.

When dealing with a home in foreclosure, it's important to differentiate the difference between fair market price and "quick disposition" value to analyze your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your timeline.

You need a company who has the qualifications to handle the special dynamics of a foreclosure appraisal. Contact Duncan Appraisals for a company you can count on.

Occupants of in foreclosure might be opposed to allowing an inspection of the property, thus presenting unique challenges. Sometimes the properties have been vandalized, unfortunately by the former residents themselves. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for long of time.

You will be interested in an expeditious disposition if the property has reverted to bank owned. So you may want to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the repairs needed to make the property marketable at full market value appropriate with similar houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the special situation of a bank owned property, as well as the unique information you'll need -- competing listings, neighborhood trends, and the like. You can rely on Duncan Appraisals to take on the task of your REO professionally and efficiently. Contact us today.

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