Call Bruce Feldman to discuss valuations regarding Clark foreclosures

Real Estate Owned and Foreclosure Appraisals in Clark County

Houses that have reverted to the bank's holding and houses in foreclosure present various appraisal difficulties.

When there is a house in foreclosure, it's important to differentiate market value versus a "quick disposition" price to analyze your likely charge-off liability. Bruce Feldman has the background in both producing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.

The professionals at Bruce Feldman have the expertise to handle the special dynamics of a foreclosure appraisal. Contact Bruce Feldman for a company you can rely on.

Particular challenges can be present when dealing with owners of properties in foreclosure. They might be disinclined to allow an inspection of the house. They might have left the home already and/or overlooked the care of the home for quite awhile - or worse, intentionally harmed the home.

For a property that has returned to bank owned, you most likely will be seeking a fast disposition. In any case, you'll still want to consider three ways of looking at the value of the real estate at hand:

  • As Repaired. Possible market value with the work necessary to make the property marketable at full market value - in accordance with competing homes in the area
  • As-is. The value of the home without any repairs performed
  • Quick sale. With minimal investment in repairs - to sell the property quickly, probably as a "fixer-upper"
Again, we understand your urgency and the unique situation of a bank owned home, in addition to the unique data you'll need - competing listings, market trends, and so forth. You can rely on Bruce Feldman to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.