Anderson & Associates is experienced when it comes to bank owned properties in Clark
Homes in foreclosure and properties that have gone back to the lender's control bring forth various appraisal challenges.
You need to differentiate the difference between fair market price and "quick disposition" worth to know what losses you stand to have to endure when dealing with a property in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
You need a company who has the qualifications to work with the special dynamics of a foreclosure appraisal. Contact Anderson & Associates for a company you can count on.
Occupants of houses in foreclosure could be uncooperative to allowing an inspection of the home, thus presenting particular challenges. Often the subjects have been ransacked, often at the hands of the former residents. Or, it's likely you'll discover a house at least abandoned or the home neglected for long of time.
You will be interested in an expedited disposition if the house has already reverted to REO. So you need to know and review three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work done to it, with the work due to make the property marketable at full market value commensurate with the other houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the specific situation of an REO house, as well as the unique data you'll need -- competing listings, market trends, and so forth. You can count on Anderson & Associates to take on the appraisal of your REO professionally and efficiently. Contact us today.