Foreclosure and Real Estate Owned Appraisal in Cook CountyReal Estate in foreclosure and homes that have returned to the bank's control create special appraisal problems. For a house in foreclosure, you might need to understand the difference between the fair market worth and "quick disposition" worth to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency. The professionals at JM Real Estate Service have the qualifications to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact JM Real Estate Service. Occupants of houses in foreclosure might be unwilling to allow an inspection of the property, thus presenting specific challenges. They may have abandoned the home already and/or overlooked the care of the house for a long time - or in some cases vandalized the property. You will be interested in an expedited disposition if the property has gone back to Real Estate Owned. So you need to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the repairs called for to make the home marketable at full market value corresponding with similar houses in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your urgency and the specific situation of an REO property, in addition to the special information you will need -- competing listings, market trends, and the like. You can rely on JM Real Estate Service to take on the task of your REO professionally and efficiently. Contact us today. |