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