Real Estate Owned and Foreclosure Appraisals in Clark CountyHouses 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.
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: |