Allen Appraisal & Consulting, Inc. is the company you should trust when it comes to foreclosures in Clark CountyProperties that have reverted to the bank's possession and houses in foreclosure present various appraisal challenges.
For a property in foreclosure, you would be wise to recognize the gap between the market and a "quick disposition" to know your potential charge-off liability. Allen Appraisal & Consulting, Inc. has the experience in both providing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time constraints.
Particular challenges may be present when working with owners of property in foreclosure. They could be disinclined to allow an inspection of the home. They might have moved out of the property already and/or overlooked the care of the home for quite awhile - or gone as far as caused damage to the home.
For a property that has gone back to bank owned, you likewise will be going for a quick disposition. But you might want to know about and examine the meanings of "as-is", "as repaired", and "quick sale" values. These correspond to: