Call William Newcomb to discuss valuations regarding Cape May foreclosures

William Newcomb is the company you should trust when it comes to bank owned properties in Cape May County

Properties that have gone back to the institution's holding and properties in foreclosure bring forth various appraisal problems.

You need to understand the meanings of "market value" and a "quick disposition" price to know your likely write-down liability when dealing with a home in foreclosure. William Newcomb has the training in both supplying snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your time constraints.

The professionals at William Newcomb have the experience to handle the special dynamics of a foreclosure appraisal. For a company you can trust, contact William Newcomb.

Particular challenges can be present when working with owners of homes in foreclosure. They might be disinclined to allow an inspection of the house. If they have abandoned the property already, they might have ignored the care of the home for awhile - or worse, damaged the home.

For real estate that has changed to REO, you likewise will be seeking a speedy resolution. In any case, you'll still want to consider three ways of looking at the value of the asset (or in some cases, liability):

  • As Repaired. Value with the repairs required to make the home marketable at full market value - in accordance with other houses in the area
  • As-is. The value of the property without any work performed
  • Quick sale. With minor investment in repairs - to offload the home quickly, seemingly to someone inclined to finish the job themselves
Again, we understand your timeline and the specific circumstances of an REO house, in addition to the special information you'll need - competing listings, neighborhood trends, and so forth. You can rely on William Newcomb to take on the appraisal of your REO professionally and efficiently. Contact us today.