Appraisal Associates of CT is a company you can trust when it comes to foreclosures in North Haven
Properties in foreclosure and properties that have returned to the financial institution's possession bring forth specific appraisal problems.
It's vital to ascertain the difference between fair market value and "quick disposition" value to analyze what losses you stand to realize when dealing with a house in foreclosure. The professionals at Appraisal Associates of CT can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at Appraisal Associates of CT have the training to work with the special dynamics of a foreclosure appraisal. Contact Appraisal Associates of CT for a company you can count on.
Occupants of houses in foreclosure might be unwilling to allow an inspection of the property, thus presenting special challenges. They might have left the property already and/or neglected care of the home for quite awhile - or worse, ransacked the property.
For real estate that has already returned to REO, you most likely will want it off your hands as quickly as possible . However, you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs done to it, with the repairs called for to make the home marketable at full market value consistent with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the special circumstances of an REO property, as well as the specific information you'll need -- competing listings, market trends, and the like. You can rely on Appraisal Associates of CT to handle the task of your bank owned property professionally and efficiently. Contact us today.