Foreclosure and Real Estate Owned Appraisal in Clark County
There are unique appraisal challenges when it comes to a house in foreclosure or one that has reverted to the bank's ownership.
When dealing with a house in foreclosure, it's important to recognize the difference between fair market worth and "quick disposition" value to know your likely charge-off liability. The professionals at Anderson & Associates can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your urgency.
You need a company with the qualifications to handle the particular dynamics of a foreclosure appraisal. For a company you can trust, contact Anderson & Associates.
Occupants of dwellings in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting particular challenges. If they left the house already, they may have ignored the care of the property for quite some time - or even worse, ransacked the property.
You will be interested in a speedy disposition if the home has already changed to bank owned. So you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the property without any repairs performed, with the work due to make the property marketable at full market value comparable with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of a Real Estate Owned property, in addition to the special information you'll need -- competing listings, neighborhood trends, and the like. You can bank on Anderson & Associates to handle the task of your REO with expertise and professionalism. Contact us today.