Call Ellis Appraisal Services, Inc. when you need valuations on Orange foreclosures

Ellis Appraisal Services, Inc. is the company you should trust when it comes to bank owned properties in Apopka, Florida

Properties in foreclosure and homes that have gone back to the bank's control bring forth special appraisal difficulties.

It's important to differentiate the meanings of "market value" and a "quick disposition" value to analyze what losses you might have to endure when dealing with a property in foreclosure. The professionals at Ellis Appraisal Services, Inc. can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency.

You need a company with the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Ellis Appraisal Services, Inc..

Occupants of properties in foreclosure may be disinclined to allow an inspection of the home, thus presenting particular challenges. Sometimes the houses show signs of vandalism, unfortunately by the residents. Or, it's likely you'll find nobody has lived in house for months or the home neglected for extended periods of time.

You'll be interested in an expedited disposition if the home has returned to bank owned. So you may want to understand and compare three values: "as-is", "as repaired", and "quick sale". These represent:

  • The value of the home without any work done to it
  • Possible value with the work necessary to make the home marketable at full market value - commensurate with other properties in the neighborhood
  • Somewhere in between, with minimal investment in repairs - to offload the property quickly, probably as a "fixer-upper"
Again, we understand your urgency and the unique circumstances of a bank owned property, in addition to the special data you'll need - competing listings, market trends, and so forth. You can bank on Ellis Appraisal Services, Inc. to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.