Elite Real Estate Appraisals, LLC is experienced when it comes to bank owned properties in HarfordThere are unique appraisal problems when we're talking about a home in foreclosure or one that has returned to the lender's holding. When there is a home in foreclosure, it's important to understand the difference between fair market worth and "quick disposition" value to evaluate your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your time constraints. Elite Real Estate Appraisals, LLC has the expertise to handle the special dynamics of a foreclosure appraisal. Contact Elite Real Estate Appraisals, LLC for a company you can trust. Owners of in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting particular challenges. They might have abandoned the property already and/or ignored the care of the house for awhile - or gone as far as caused damage to the house. You'll be interested in a fast disposition if the property has already returned to Real Estate Owned. So you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work performed, with the work needed to make the house marketable at full market value commensurate with competing houses in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of an REO house, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on Elite Real Estate Appraisals, LLC to take on the task of your REO with expertise and professionalism. Contact us today. |