Elite Appraisal Services is experienced when it comes to bank owned properties in BrazoriaProperties that have returned to the financial institution's possession and homes in foreclosure create particular appraisal challenges. For a property in foreclosure, you may need to recognize the gap between fair market value and "quick disposition" to know your potential charge-off liability. Elite Appraisal Services has the training in both presenting snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that understand your urgency. You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. Contact Elite Appraisal Services for a company you can count on. Owners of property in foreclosure, of course, can present specific challenges. They may be disinclined to allow an inspection of the property. They may have abandoned the house already and/or overlooked the care of the home for quite some time - or even worse, vandalized the house. If your property has changed to Real Estate Owned, you will interested in a fast disposition. But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work done to it, with the work needed to make the property marketable at full market value appropriate with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique circumstances of a bank owned house, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on Elite Appraisal Services to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |