Appraisal Associates of CT is a company you can trust when you need appraisals for bank owned properties in North HavenThere are particular appraisal difficulties when it comes to a home in foreclosure or one that has gone back to the bank's holding. When dealing with a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" price to evaluate your possible charge-off liability. At Appraisal Associates of CT, we have the knowledge in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line. You need a company who has the training to handle the special dynamics of a foreclosure appraisal. Contact Appraisal Associates of CT for a company you can trust. Owners of dwellings in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting unique challenges. If they have abandoned the house already, they might have not taken care of the property for quite awhile - or worse, caused damage to the house. You will be interested in a fast disposition if the house has already returned to Real Estate Owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the repairs needed to make the house marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique circumstances of a bank owned home, as well as the specific information you'll need -- competing listings, market trends, and the like. You can bank on Appraisal Associates of CT to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |