Foreclosure and Real Estate Owned Appraisal in Brazoria County
Real Estate in foreclosure and homes that have returned to the institution's ownership create particular appraisal problems.
For a property in foreclosure, you might need to understand the difference between the fair market and "quick disposition" worth to know your possible charge-off liability. At Elite Appraisal Services, we have the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your timeline.
You need a company who has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact Elite Appraisal Services for a company you can trust.
Owners of houses in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting particular challenges. Often the houses have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home neglected for long of time.
If your home has already gone back to REO, you will interested in a fast disposition. However, you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs performed, with the work needed to make the home marketable at full market value consistent with competing real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned property, as well as the specific data you'll need -- competing listings, neighborhood trends, and the like. You can count on Elite Appraisal Services to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.