True Value Real Estate Appraisals is a leading provider of real estate appraisals for REO foreclosure real estate. Our firm appraises both commercial and residential real estate throughout the entire state of New Jersey. We provide a detailed opinion of fair market value for mortgage banks, and mortgage servicing clients as well as "quick sale" forecasts that consider your specific timeline. Our foreclosure real estate services cater to the needs of homeowners in default, bank with real estate owned (REO), mortgage lenders, HUD, FHA, law firms, loan service companies, financial institutions that make personal loans, commercial CMBS lenders, credit unions, and savings banks.
For commercial real estate in foreclosure and bank Owned real estate (REO), owners and banks alike need to know the difference between fair market value and "quick disposition" value in order to determine the potential equity position or charge-off liability. Regardless of whether the real property is residential or commercial real estate determining the fair market value in an ever so changing market is crucial to reducing non performing inventory of REO real estate.
Owners of real estate which is in foreclosure are faced with many challenges. Some are unwilling to allow an inspection of the property or if they have abandoned the property already, they may have neglected care of the home for some time or worse, purposely caused damage. We have the knowledge and experience to deal with the specific aspects of foreclosure appraisals, which is why you can rely on our repots to cut your losses.
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