Call Elite Appraisal, Inc. when you need valuations regarding Miami-Dade foreclosures

Foreclosure and Real Estate Owned Appraisal in Miami-Dade County

Homes that have gone back to the financial institution's possession and properties in foreclosure create specific appraisal difficulties.

For a home in foreclosure, you definitely need to understand the difference between market and a "quick disposition" assessment to know your possible charge-off liability. At Elite Appraisal, Inc., we have the background in both furnishing snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that factor in your urgency.

The professionals at Elite Appraisal, Inc. have the qualifications to handle the specific dynamics of a foreclosure appraisal. Contact Elite Appraisal, Inc. for a company you can count on.

Owners of property in foreclosure, naturally, can present special challenges: For example, they might be combative when it comes to allowing the appraiser access to the house. If they abandoned the house already, they could have overlooked the care of the property for quite some time - or worse, caused damage to the property.

For real estate that has already reverted to bank owned, you likewise will be interested in an expedited resolution. In any case, you'll still want to consider three ways of determining the value of the real estate at hand:

  • As Repaired. Value with the repairs called for to make the home marketable at full market value - commensurate with other properties in the neighborhood
  • As-is. The value of the home without any repairs performed
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to get rid of the property quickly, most likely to someone inclined to finish the job themselves
Again, we understand your urgency and the unique situation of an REO property, as well as the unique information you'll need - competing listings, market trends, and the like. You can bank on Elite Appraisal, Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.