ABJ Appraisals is experienced when it comes to bank owned properties in ClarkThere are special appraisal challenges for a house in foreclosure or one that has gone back to the financial institution's control. For a home in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" worth to know your potential charge-off liability. ABJ Appraisals has the experience in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your urgency. ABJ Appraisals has the expertise to handle the specific dynamics of a foreclosure appraisal. Contact ABJ Appraisals for a company you can count on. Owners of houses in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the house. They could have left the property already and/or neglected care of the property for some time - or gone as far as damaged the home. For a home that has gone back to bank owned, you most likely will be seeking a speedy disposition . However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the work required to make the property marketable at full market value comparable with competing homes in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the specific circumstances of a Real Estate Owned house, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on ABJ Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today. |