Anderson & Associates is a company you can trust when it comes to foreclosures in Clark
Houses that have gone back to the bank's possession and homes in foreclosure present specific appraisal difficulties.
When there is a home in foreclosure, you should differentiate the difference between fair market price and "quick disposition" worth to analyze your potential charge-off liability. At Anderson & Associates, we have the background in both providing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company with the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Anderson & Associates.
Unique challenges may be present when working with owners of homes in foreclosure. They might be disinclined to allow an inspection of the home. They may have left the house already and/or neglected care of the house for awhile - or worse, damaged the house.
You will be interested in a quick disposition if the property has already gone back to REO. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the repairs needed to make the house marketable at full market value commensurate with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific 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 count on Anderson & Associates to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.