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Mesquite Appraisal is experienced when it comes to bank owned properties in Clark County There are various appraisal problems for a property in foreclosure or one that has reverted to the lender's possession.
For a property in foreclosure, you need to know the difference between the market and a "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time line.
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You need a company who has the training to handle the unique dynamics of a foreclosure appraisal. Contact Mesquite Appraisal for a company you can . |
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Special challenges might be present when dealing with owners of homes in foreclosure. They may be opposed to allowing an inspection of the home. They could have abandoned the home already and/or overlooked the care of the house for a long time - or even worse, vandalized the property.
For a house that has already gone back to Real Estate Owned, you probably will be going for an expeditious disposition. In any case, you'll still want to consider three angles for figuring the value of the real estate at hand:
- As Repaired. Possible market value with the repairs required to make the house marketable at full market value - commensurate with competing properties in the neighborhood
- As-is. The value of the house without any repairs done to it
- Quick sale. With minimal investment in repairs - to sell the home quickly, most likely to someone who'd rather finish the job themselves
Again, we understand your timeline and the specific circumstances of a bank owned house, as well as the special information you'll need - competing listings, market trends, and the like. You can rely on Mesquite Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today.
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