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Call Elite Appraisal to discuss appraisals for Dupage foreclosures

Elite Appraisal is the company you should trust when you need appraisals for bank owned properties in Addison, Illinois

Houses in foreclosure and houses that have reverted to the financial institution's holding bring forth special appraisal difficulties.

It's important to know the meanings of "market value" and a "quick disposition" value to evaluate what losses you stand to sustain when dealing with a house in foreclosure. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your urgency.

You need a company with the experience to work with the unique dynamics of a foreclosure appraisal. Contact Elite Appraisal for a company you can .

Owners of properties in foreclosure can present particular challenges. They might be disinclined to allow an inspection of the property. They might have deserted the home already and/or overlooked the care of the home for a long time - or in some cases vandalized the house.

If you're dealing with home that has reverted to REO, you will interested in a fast disposition. However, you might want to know about and review three values: as-is, as repaired, and "quick sale". These symbolize:

  • The value of the house without any work done to it
  • Value with the work needed to make the home marketable at full market value - in accordance with similar real estate in the neighborhood
  • With minimal investment in repairs - to get rid of the property quickly, possibly to someone who'd rather finish the job themselves
Again, we understand your timeline and the unique circumstances of a Real Estate Owned property, in addition to the unique data you will need - competing listings, market trends, and so forth. You can bank on Elite Appraisal to take on the task of your bank owned property with expertise and professionalism. Contact us today.