Call Duncan Appraisals when you need valuations of Bergen foreclosures

Duncan Appraisals is the company you should trust when you need appraisals for bank owned properties in northern New Jersey

Houses that have returned to the financial institution's holding and houses in foreclosure bring forth specific appraisal problems.

It's important to ascertain the meanings of fair market price and a "quick disposition" price to analyze your potential write-down liability when dealing with a house in foreclosure. At Duncan Appraisals, we have the training in both providing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that consider your time line.

You need a company with the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Duncan Appraisals.

Owners of houses in foreclosure, of course, can present special challenges. They may be opposed to allowing an inspection of the property. They may have left the property already and/or ignored the care of the house for some time - or unfortunately, vandalized the property.

For real estate that has already gone back to Real Estate Owned, you probably will want to get rid of it quickly. Regardless, you'll still want to consider three angles for looking at the worth of the real estate at hand:

  • As Repaired. Possible worth with the work necessary to make the house marketable at full market value - commensurate with other houses in the neighborhood
  • As-is. The value of the property without any repairs performed
  • Quick sale. With minor investment in repairs - to sell the property quickly, most likely to someone who'd prefer to finish the job themselves
Again, we understand your time line and the unique situation of a Real Estate Owned property, as well as the special information you'll need - competing listings, neighborhood trends, and the like. You can count on Duncan Appraisals to take on the task of your REO professionally and efficiently. Contact us today.

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Duncan Appraisals P.O. Box 292 Wood Ridge, NJ 07075-0292
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