Foreclosure Appraisals in Clark CountyHomes in foreclosure and houses that have gone back to the lender's possession create particular appraisal problems. When dealing with a home in foreclosure, it's important to differentiate the difference between fair market worth and "quick disposition" worth to know your potential charge-off liability. At ABJ Appraisals, we have the experience in both producing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline. You need a company who has the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact ABJ Appraisals. Owners of in foreclosure may be disinclined to allow an inspection of the property, thus presenting particular challenges. Sometimes the houses have been vandalized, unfortunately by the residents. Or, it's common to find a house at a minimum abandoned or the home neglected for long of time. You will be interested in a fast disposition if the property has changed to bank owned. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the repairs necessary to make the house marketable at full market value corresponding with the other real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a Real Estate Owned house, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can rely on ABJ Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today. |