Appraisal Associates of CT is experienced when it comes to foreclosures in New Haven
Houses in foreclosure and houses that have returned to the financial institution's possession create particular appraisal difficulties.
For a home in foreclosure, you should know the gap between the fair market worth and "quick disposition" to know your possible charge-off liability. At Appraisal Associates of CT, we have the experience in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the expertise to work with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Appraisal Associates of CT.
Owners of properties in foreclosure, of course, can present specific challenges. They may be unwilling to allow an inspection of the house. They could have moved out of the property already and/or ignored the care of the home for quite awhile - or gone as far as vandalized the home.
You will be interested in an expedited disposition if the home has already changed to Real Estate Owned. So you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the work necessary to make the home marketable at full market value comparable with the other houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your time line and the unique situation of an REO home, as well as the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Appraisal Associates of CT to take on the task of your bank owned property professionally and efficiently. Contact us today.