Appraisal Associates of CT is experienced when you need appraisals for foreclosures in North Haven
Houses in foreclosure and properties that have reverted to the lender's possession present unique appraisal difficulties.
It's important to understand the difference between fair market worth and "quick disposition" price to analyze your likely write-down liability when dealing with a property in foreclosure. At Appraisal Associates of CT, we have the knowledge in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your time constraints.
The professionals at Appraisal Associates of CT have the experience to handle the special dynamics of a foreclosure appraisal. Contact Appraisal Associates of CT for a company you can rely on.
Owners of houses in foreclosure, of course, can present specific challenges. They could be opposed to allowing an inspection of the house. If they abandoned the home already, they could have neglected care of the home for quite awhile - or even worse, ransacked the home.
If your house has returned to Real Estate Owned, you will interested in a quick disposition. However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the work required to make the property marketable at full market value consistent with competing real estate 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 urgency and the special circumstances of an REO house, in addition to the specific information you will need -- competing listings, neighborhood trends, and the like. You can rely on Appraisal Associates of CT to take on the task of your bank owned property professionally and efficiently. Contact us today.