Elite Appraisal Services is experienced when it comes to foreclosures in Pearland
There are unique appraisal challenges regarding a property in foreclosure or one that has reverted to the bank's possession.
For a property in foreclosure, you should know the difference between the fair market value and "quick disposition" worth to know your possible charge-off liability. The professionals at Elite Appraisal Services can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
Elite Appraisal Services has the expertise to handle the special dynamics of a foreclosure appraisal. Contact Elite Appraisal Services for a company you can rely on.
Owners of homes in foreclosure, of course, can present unique challenges. They might be uncooperative to allowing an inspection of the house. They could have deserted the property already and/or overlooked the care of the house for a long time - or worse, ransacked the home.
You'll be interested in an expeditious disposition if the home has reverted to REO. So you need to know about and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the work required to make the house marketable at full market value appropriate with competing real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special situation of an REO property, in addition to the specific information you will need -- competing listings, market trends, and so forth. You can rely on Elite Appraisal Services to take on the task of your bank owned property professionally and efficiently. Contact us today.