James M. Hanson Associates, Inc. is experienced when you need appraisals for foreclosures in Cape May CountyHomes that have reverted to the financial institution's possession and houses in foreclosure bring forth specific appraisal challenges.
For a home in foreclosure, you should understand the gap between market price and a "quick disposition" assessment to know your probable charge-off liability. James M. Hanson Associates, Inc. has the training in both presenting snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time line.
Occupants of homes in foreclosure might be disinclined to allow an inspection of the home, thus presenting unique challenges. They may have abandoned the house already and/or neglected care of the home for awhile - or even worse, caused damage to the property.
For a house that has gone back to Real Estate Owned, you probably will be going for a quick resolution. In any case, you'll still want to consider three ways of determining the value of the asset: