Call JM Real Estate Service to discuss valuations regarding Cook foreclosures

JM Real Estate Service is experienced when it comes to bank owned properties in Palatine

Homes that have gone back to the bank's holding and properties in foreclosure bring forth unique appraisal difficulties.

It's vital to differentiate the difference between fair market value and "quick disposition" price to evaluate your probable write-down liability when dealing with a house in foreclosure. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.

You need a company who has the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact JM Real Estate Service for a company you can count on.

Owners of houses in foreclosure, of course, can present specific challenges. They may be opposed to allowing an inspection of the house. They might have left the home already and/or neglected care of the property for quite some time - or worse, damaged the home.

You will be interested in a quick disposition if the property has returned to Real Estate Owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any work done to it, with the repairs called for to make the house marketable at full market value corresponding with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the special situation of a bank owned home, as well as 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 bank owned property professionally and efficiently. Contact us today.