Anderson & Associates is experienced when it comes to foreclosures in Clark
There are specific appraisal problems for a house in foreclosure or one that has returned to the bank's control.
When there is a house in foreclosure, it's important to ascertain the difference between fair market price and "quick disposition" price to evaluate your potential charge-off liability. At Anderson & Associates, we have the background in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline.
Anderson & Associates has the training to work with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Anderson & Associates.
Owners of properties in foreclosure, of course, can present special challenges. They may be unwilling to allow an inspection of the home. They may have deserted the property already and/or overlooked the care of the house for quite awhile - or unfortunately, intentionally harmed the property.
You'll be interested in a speedy disposition if the property has already gone back to Real Estate Owned. So you might want to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work required to make the property marketable at full market value consistent with the other homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of a Real Estate Owned property, as well as the specific data you will need -- competing listings, market trends, and so forth. You can bank on Anderson & Associates to handle the appraisal of your REO with expertise and professionalism. Contact us today.