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

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