SAMRYLEX Real Estate Appraisals and Consulting Services is a company you can trust when it comes to bank owned properties in Cape May
Homes in foreclosure and houses that have returned to the institution's possession present specific appraisal challenges.
When dealing with a house in foreclosure, you need to know the difference between fair market value and "quick disposition" worth to analyze your possible charge-off liability. At SAMRYLEX Real Estate Appraisals and Consulting Services, we have the background in both furnishing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
You need a company who has the training to handle the particular dynamics of a foreclosure appraisal. Contact SAMRYLEX Real Estate Appraisals and Consulting Services for a company you can rely on.
Owners of houses in foreclosure might be disinclined to allow an inspection of the house, thus presenting specific challenges. They may have moved out of the house already and/or neglected care of the house for awhile - or even worse, damaged the property.
You'll be interested in a speedy disposition if the house has reverted to Real Estate Owned. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the repairs needed to make the house marketable at full market value commensurate with the other properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO property, as well as the unique data you will need -- competing listings, market trends, and so forth. You can count on SAMRYLEX Real Estate Appraisals and Consulting Services to take on the task of your bank owned property professionally and efficiently. Contact us today.