Foreclosure Appraisal in Brazoria County
Homes that have returned to the institution's holding and houses in foreclosure present specific appraisal difficulties.
You need to recognize the difference between fair market price and "quick disposition" value to analyze your likely charge-off liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can count on, contact Elite Appraisal Services.
Owners of houses in foreclosure, of course, can present unique challenges. They could be unwilling to allow an inspection of the home. They may have deserted the property already and/or ignored the care of the home for a long time - or gone as far as intentionally harmed the property.
For a house that has already changed to Real Estate Owned, you most likely will want it off your hands as quickly as possible . But you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the repairs needed to make the home marketable at full market value consistent with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of an REO home, in addition to the unique data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on Elite Appraisal Services to take on the task of your bank owned property with expertise and professionalism. Contact us today.