Clark Lunde is experienced when it comes to bank owned properties in .
There are various appraisal difficulties when we're talking about a property in foreclosure or one that has gone back to the bank's possession.
For a home in foreclosure, you need to recognize the gap between the fair market and "quick disposition" to know your probable charge-off liability. Clark Lunde has the background in both providing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
We have the expertise to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact Clark Lunde.
Owners of homes in foreclosure, of course, can present unique challenges. They might be disinclined to allow an inspection of the home. They could have left the house already and/or neglected care of the house for some time - or even worse, intentionally harmed the home.
For real estate that has already reverted to REO, you most likely will be going for an expedited resolution . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the work called for to make the property marketable at full market value consistent with the other houses in the neighborhood, 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 unique circumstances of an REO house, as well as the specific information you will need -- competing listings, neighborhood trends, and the like. You can rely on Clark Lunde to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.