Nace Appraisal Group is the company you should trust when you need appraisals for bank owned properties in Suffolk CountyHomes in foreclosure and homes that have returned to the institution's control bring forth specific appraisal difficulties.
You should understand the meanings of "market value" and a "quick disposition" value to analyze what losses you might have to endure when dealing with a home in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your pressing needs.
Owners of houses in foreclosure could be unwilling to allow an inspection of the property, thus presenting unique challenges. They could have left the property already and/or neglected care of the house for a long time - or even worse, intentionally harmed the house.
For a house that has already gone back to bank owned, you probably will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for determining the value of the real estate at hand: