Elite Appraisal Services is a company you can trust when it comes to foreclosures in Pearland
There are particular appraisal problems when it comes to a property in foreclosure or one that has returned to the financial institution's control.
For a house in foreclosure, you might need to recognize the difference between fair market worth and "quick disposition" worth to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your timeline.
Elite Appraisal Services has the experience to handle the special dynamics of a foreclosure appraisal. Contact Elite Appraisal Services for a company you can count on.
Special challenges might be present when dealing with owners of homes in foreclosure. They could be uncooperative to allowing an inspection of the house. Often the homes have been vandalized, unfortunately at the hands of the residents. Or, it's common to find a house at a minimum abandoned or the home neglected for long of time.
For a house that has already gone back to REO, you probably will want it off your hands as quickly as possible . But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the repairs needed to make the property marketable at full market value appropriate with the other real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the specific circumstances of a bank owned home, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can rely on Elite Appraisal Services to take on the task of your bank owned property professionally and efficiently. Contact us today.