Elite Appraisal Services is a company you can trust when you need appraisals for foreclosures in Pearland
Properties that have reverted to the institution's holding and homes in foreclosure bring forth particular appraisal difficulties.
For a home in foreclosure, you should recognize the difference between the fair market value and "quick disposition" worth to know your potential charge-off liability. Elite Appraisal Services has the background in both presenting snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints.
You need a company who has the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Elite Appraisal Services.
Owners of homes in foreclosure, of course, can present special challenges. They might be disinclined to allow an inspection of the home. Sometimes the subjects have been intentionally damaged, unfortunately at the hands of the residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home neglected for long of time.
If your house has already gone back to REO, you will interested in an expedited disposition. But you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work called for to make the house marketable at full market value consistent with the other properties in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the special situation of an REO home, as well as the specific information you'll need -- competing listings, market trends, and so forth. You can rely on Elite Appraisal Services to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.