Bici Appraisals   

      Licensed Real Estate Appraisers Providing  Quality Appraisal Services  Throughout New Jersey                        And Bordering New York.

     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.

    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.

We are a leading provider of quality appraisals for:

    Our investment in training and technology and membership in related organizations which are  providers of real estate sales, tax, listing, market trends information, coupled with knowledge of local market areas and trends, assist our appraisers in researching, analyzing, and developing an accurate opinion of market value, and production of a quality report.

    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, Appraisers-Yellow-Pages, 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 on-line 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 Turn-Around Times

 2)   Highest-Quality Appraisal Reports

 3)   On-line Status Reports

 4)   Electronic Ordering and Delivery

 5)   Competitive Pricing

    Through this web site, you can perform a number of tasks. Ordering an appraisal is just a click of a button away. Or, spend some time and find out a bit more about the appraisal business. The more you know, the better decision you can make. And check back frequently, as our content is always being updated.

    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.

Act Now to Prevent Foreclosure

New Program Announced The Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, recently announced a new Streamlined Modification Program that is designed to help struggling borrowers avoid foreclosure by having Fannie Mae work with mortgage servicers to modify loans into more affordable terms. You may qualify if all of the following are true: Your mortgage loan is owned by Fannie Mae or Freddie Mac. Your mortgage loan is 90 or more days past due. You occupy the property as your primary residence. You are not in bankruptcy. To achieve a more affordable mortgage payment, your loan servicer may: extend the term of your loan to as much as 40 years reduce your mortgage interest rate for a period of time defer payment of part of your principal, or offer a combination of all three. What You Can Do Today If you are about to fall behind, or have fallen behind on your mortgage payments, or if your loan has been referred to an attorney, the most important step you can take is to get help early from your mortgage lender, servicer, or housing counselor. Here are important steps to take immediately: Call your lender or loan servicer to talk about your situation. You can find the contact information on your monthly mortgage statement or coupon book. If you can't reach your lender or servicer or you do not receive help, contact the Homeownership Preservation Foundation at 1-888-995-HOPE. Experienced counselors can help you develop the best plan for your personal financial situation. This counseling is free. Gather the information you will need. You will be asked to provide: letters or communications from your lender, foreclosure notices, recent mortgage statements showing your loan number, homeowner's insurance policy, last two pay stubs and most recent tax return for all borrowers named on the mortgage, proof of other income, such as child support, alimony, Social Security, or pension, bank account statements, and list of major monthly bills, including child care, utilities, credit cards, and cell phone. Understand your options. Depending on your situation, you may have several options to discuss with your servicer or counselor. They could include: Repayment Plan -- You may be able to catch up on missed payments by creating a schedule for repaying the past-due amount. Advance -- If your mortgage is owned by Fannie Mae (your servicer has this information), and your missed payments are due to a temporary financial hardship, you may be eligible for an unsecured personal loan, such as HomeSaver Advance™, that is available from your servicer to help you get current with your payments. Modification -- In some cases, mortgage loan terms can be changed on a temporary or permanent basis to make the payment more affordable. Avoid foreclosure rescue scams. Don't become a victim. Foreclosure scams seek to take advantage of your situation. Your financial situation may have changed significantly since you qualified for your home due to unemployment, divorce, job change/relocation, or medical issues. You may want or need to sell your home as a result of this change. There are options for borrowers who are worried about possible foreclosure: Pre-foreclosure or Short-Sale -- Servicers work with borrowers to sell their home and use the proceeds to pay off the loan even if the proceeds are not enough to settle the entire balance. Deed-in-lieu -- Borrowers sign over title to the property to Fannie Mae without the expense of foreclosure. You have more options if you act quickly. Now is the time to ask for help!

Originally Published: August 16, 2008 Last Revised: December 16, 2008

Fannie Mae Announces national REO Rental Policy

On January 13th, Fannie Mae announced the establishment of a new National Real Estate Owned (REO) Rental Policy that will allow qualified renters in Fannie Mae-owned foreclosed properties to stay in their homes. Currently, Fannie Mae has an eviction suspension in place through the end of January, which will allow for the new policy to be fully operational prior to that program concluding.

The new policy applies to renters occupying foreclosed properties at the time Fannie Mae acquires the property. Renters occupying any type of single-family property will be eligible including residents of two- to four-unit properties, condos, co-ops, single-family detached homes and manufactured housing. Eligible renters will be offered a new month-to-month lease with Fannie Mae or financial assistance for their transition to new housing should they choose to vacate the property. The properties must meet state laws and local code requirements for a rental property.

HUD Issues New Mortgage Rules