Call dda when you need appraisals pertaining to Clark foreclosures

Foreclosure and Real Estate Owned Appraisals in Clark County

Homes that have gone back to the financial institution's holding and homes in foreclosure bring forth various appraisal difficulties.

For a home in foreclosure, you would be wise to understand the difference between market value and a "quick disposition" to know your potential charge-off liability. At dda, we have the training in both furnishing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that consider your time constraints.

The professionals at dda have the experience to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact dda.

Particular challenges can be present when dealing with owners of houses in foreclosure. They might be uncooperative to allowing an inspection of the home. They might have abandoned the property already and/or ignored the care of the property for some time - or gone as far as vandalized the house.

For a house that has returned to bank owned, you likewise will be interested in a speedy resolution. In any case, you'll still want to consider three angles for looking at the value of the real estate at hand:

  • As Repaired. Value with the repairs called for to make the house marketable at full market value - comparable with similar properties in the area
  • As-is. The value of the house without any work performed
  • Quick sale. With minor investment in repairs - to sell the property quickly, probably to someone inclined to finish the job themselves
Again, we understand your time line and the specific situation of a bank owned house, as well as the unique data you will need - competing listings, neighborhood trends, and the like. You can rely on dda to handle the task of your REO professionally and efficiently. Contact us today.