Bici Appraisals Licensed - Certified Real Estate Appraisers Providing Quality Appraisal Services Throughout New Jersey, New York And Pennsylvania . When you are in need of a quality appraisal, by qualified licensed Appraisers in New Jersey or New York, look no further. Please try us first to realize the difference a modern appraisal office can provide. BICI Appraisals is located in New Jersey and service all 21 New Jersey counties, along with bordering New York. We can accommodate all your real estate valuation and appraisal needs, for purposes of purchasing, selling, refinancing, tax assessment appeals, probate, divorce matters, bail bonds, elimination of PMI, consolidating first and second mortgages. Bici Appraisals provides appraisal and valuation services for Banks, Mortgage Companies, FHA, Individuals, Lawyers, Local, State, and the Federal Goverment. With our network of licensed staff, affiliate and associate appraisers, we can provide quality Atlantic County NJ Appraisals, Bergen County NJ Appraisals, Burlington County NJ Appraisals, Camden County NJ Appraisals, Cape May County NJ Appraisals, Cumberland County NJ Appraisals, Essex County NJ Appraisals, Gloucester County NJ Appraisals, Hudson County NJ Appraisals, Hunterdon County NJ Appraisals, Mercer County NJ Appraisals, Middlesex County NJ Appraisals, Monmouth County NJ Appraisals, Morris County NJ Appraisals, Ocean County NJ Appraisals, Passaic County NJ Appraisals, Salem County NJ Appraisals, Somerset County NJ Appraisals, Sussex County NJ Appraisals, Union County NJ Appraisals, Warren County NJ Appraisals. Within the state of New York we can provide quality, Weschester County NY Appraisals, Putnam County NY Appraisals, Staten Island NY Appraisals, Sullivan County NY Appraisals, Orange County NY Appraisals, Rockland County NY Appraisals, Bronx County NY Appraisals, Richmond County NY Appraisals, Ulster County NY Appraisals, Dutchess County NY Appraisals, King County NY Appraisals. Within the commonwealth of Pennsylvania, appraisal of real property services provided within the following counties, Berks, Bucks, Chester, Delaware, Montgomery, and Philadelphia. Again we are a leading provider of real estate valuations for the mortgage lending marketplace, and also provide private appraisals for divorce proceedings, estate appraisals, tax assessment appeal appraisals, vacant land appraisals, condominium appraisals, co-op appraisals, multifamily appraisals in New Jersey and bordering New York. With many years of experience in the business, we have a proven track record of producing quality appraisals and of reducing lenders time, efforts and costs in managing the appraisal process.
Bici Appraisals is a member of the National Association of Realtors, Liberty Board of Realtors, Staten Island Board of Realtors, and we subscribe and are members of needed and related Multiple Listing Services, to name a few, Garden State Multiple Listing Service, New Jersey Multiple Listing Service, Hudson County Multiple Listing Service, Middlesex Multiple Listing Service, Trends Multiple Listing Service, Monmouth County Multiple Listing Service, Jersey Shore Multiple Listing Service, Atlantic Multiple Listing Service, Greater Hudson Valley Multiple Listing Service, Westchester and Putnam County Multiple Listing Service, Mid Hudson Multiple Listing Service, Staten Island Multiple Listing Service, Brooklyn Multiple Listing Service, Queens Multiple Listing Service, GeoData Queens, Ulster County Multiple Listing Service, Vitalgov, Ordinance, Real-Info, CoStar, as well as other online Databases and information Services, which has helped Bici Appraisals provide quality Appraisal services throughout New Jersey and Bordering New York State. This has helped our customers greatly reduce their workload. By offering online appraisal ordering, coupled with automatic report status updates and electronic delivery of the final product, we are able to eliminate the run around and phone tag hassles associated with this process. And since this process saves us money as well, we can keep our rates competitive with anybody in the industry. 1) Short Turnaround Times 2) Highest-Quality Appraisal Reports 3) Online Status Reports 4) Electronic Ordering and Delivery 5) Competitive Pricing
Again Bici Appraisals provides quality Real Estate Appraisal services for the following counties in New Jersey. We have qualified licensed Appraisers available seven days a week to help with your valuation needs, evenings, weekends, and emergency services are available, for purposes of purchasing, selling, refinancing, tax assessment appeals, probate, divorce matters, bail bonds, elimination of PMI, consolidating first and second mortgages, consulting, review. Bici Appraisals provides appraisal and valuation services for Banks, Mortgage Companies, FHA, Individuals, Lawyers, Local, State, and Federal Goverment.
Understanding loan modification and the Making Homes Affordable Program A loan modification occurs when the owner of a mortgage agrees to alter one or more of the following elements of the loan: the interest rate, term, and/or principal balance. It is important to understand who is the true “owner” of the mortgage. The institution you make your mortgage payment to is typically a servicing company. They collect payments on behalf of an investor, who has the ultimate say in whether a loan will be eligible for modification assistance. The process of how mortgages are bundled and sold is very complex, but the important thing to remember is to approach your servicing company with an open mind and patience. It also helps to research and understand the programs that are available. In March, the Department of Treasury announced the Making Homes Affordable initiative. There are two components — the Home Affordable Refinance Program (HARP) and the Home Affordable Modification Program (HAMP). HARP provides an option for homeowners who have stayed current on their mortgage to refinance and take advantage of today’s low interest rates even though values have dropped below normally accepted levels. The current guidelines allow for refinances up to 125 percent of appraised value. The investor or owner of your mortgage must be either Fannie Mae or Freddie Mac in order to qualify for this program. The more widely used program is HAMP. Any servicing company or investor is eligible to participate in this program, and there are financial incentives for each loan that is successfully modified. The goal of the program is to bring the total housing payment down to 31 percent of the gross household income. Total housing payment includes principal, interest, taxes, insurance and association dues, if applicable. It would also include private mortgage insurance if it is a part of your current mortgage payment. You must have verifiable income in order to qualify for assistance through this program. All eligible loans will enter into a 90-day trial period. You will be required to submit updated income documents at the time the trial modification is offered. If you comply with the terms of your trial modification and the income is appropriately verified, you should receive a permanent modification to your mortgage. The new payment will be achieved through the use of three options in order: 1) reduction in interest rate; 2) extension of mortgage term to a maximum of 40 years from the date of modification; 3) forbearance of principal creating a balloon payment at maturity. It is important to note that each and every file is reviewed for assistance based on income qualification and need, and everyone’s situation is different. Modification of your existing mortgage cannot be guaranteed by anyone. You should not pay for modification assistance on your primary residence loan. If you have questions about the Making Homes Affordable program, you can find more information at www.makinghomesaffordable.gov.
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