Foreclosure and REO Appraisals in Bergen County

You should recognize the meanings of "market value" and a "quick disposition" value to know your likely write-down liability when dealing with a property in foreclosure. At BOGRIS APPRAISAL LLC, we have the training in both supplying snapshots of market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that factor in your time constraints.

	BOGRIS APPRAISAL LLC has the experience to deal with the special dynamics of a foreclosure appraisal. Contact BOGRIS APPRAISAL LLC for a company you can trust.

Unique challenges can be present when dealing with owners of homes in foreclosure. They could be unwilling to allow an inspection of the home. If they abandoned the property already, they might have ignored the care of the home for quite some time - or worse, ransacked the house.

For real estate that has already reverted to bank owned, you likewise will be seeking a speedy resolution. In any case, you'll still want to consider three ways of determining the value of the asset:

• As Repaired. Possible market value with the repairs required to make the property marketable at full market value - commensurate with other houses in the area
• As-is. The market value of the property without any work done to it
• Quick sale. Somewhere in the middle, with minor investment in repairs - to sell the home quickly, possibly to someone inclined to finish the job themselves