Northeast Valuation Group is experienced when it comes to foreclosures in FairfieldHouses in foreclosure and houses that have returned to the financial institution's ownership create unique appraisal difficulties. It's important to understand the difference between fair market price and "quick disposition" value to analyze your likely charge-off liability when dealing with a home in foreclosure. Northeast Valuation Group has the knowledge in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line. The professionals at Northeast Valuation Group have the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Northeast Valuation Group for a company you can count on. Unique challenges may be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home. If they moved out of the home already, they may have not taken care of the home for quite some time - or unfortunately, ransacked the home. You'll be interested in an expedited disposition if the house has already gone back to REO. So you need to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the repairs called for to make the house marketable at full market value consistent with similar properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique circumstances of an REO property, as well as the specific information you will need -- competing listings, neighborhood trends, and so forth. You can count on Northeast Valuation Group to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |