Call ATP Appraisals, LLC. (973) 283-2266 to discuss valuations of Cape May foreclosures

Foreclosure and Real Estate Owned Appraisals in Cape May County

There are various appraisal problems regarding a home in foreclosure or one that has gone back to the bank's ownership.

You need to recognize the meanings of "market value" and a "quick disposition" assessment to know what losses you might sustain when dealing with a property in foreclosure. At ATP Appraisals, LLC. (973) 283-2266, we have the training in both providing snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that consider your time constraints.

We have the experience to handle the unique dynamics of a foreclosure appraisal. Contact ATP Appraisals, LLC. (973) 283-2266 for a company you can trust.

Unique challenges can be present when dealing with owners of houses in foreclosure. They might be uncooperative to allowing an inspection of the house. Sometimes the subjects have been intentionally damaged, often by the residents. Or, it's likely you'll find the residents have moved out or the home languishing in disrepair for extended periods of time.

You'll be interested in an expedited disposition if the home has reverted to Real Estate Owned. So you might want to know about and review three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the home without any work performed
  • Value with the repairs due to make the home marketable at full market value - appropriate with competing real estate in the area
  • Somewhere in the middle, with minor investment in repairs - to offload the property quickly, probably to someone inclined to finish the job themselves
Again, we understand your urgency and the unique situation of an REO house, as well as the special information you'll need - competing listings, neighborhood trends, and so forth. You can count on ATP Appraisals, LLC. (973) 283-2266 to take on the task of your REO with expertise and professionalism. Contact us today.