is experienced when you need appraisals for bank owned properties in ClarkThere are various appraisal difficulties involved in a property in foreclosure or one that has returned to the bank's possession. For a house in foreclosure, you should recognize the difference between fair market worth and "quick disposition" to know your potential charge-off liability. The professionals at can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your time constraints. You need a company who has the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact . Specific challenges can be present when working with owners of properties in foreclosure. They might be uncooperative to allowing an inspection of the property. Often the properties have been ransacked, unfortunately by the residents themselves. Or, it's common to find the previous owners have moved out or the home neglected for extended periods of time. For real estate that has already reverted to REO, you most likely will be interested in a speedy resolution . However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any repairs performed, with the work required to make the home marketable at full market value commensurate with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and so forth. You can rely on to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |