Foreclosure and Real Estate Owned Appraisal in Dupage CountyProperties that have reverted to the institution's possession and properties in foreclosure bring forth particular appraisal challenges. When there is a property in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" worth to evaluate your likely charge-off liability. The professionals at STEVEN GIANNINI & ASSOCIATES can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into account your time line. You need a company with the training to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact STEVEN GIANNINI & ASSOCIATES. Owners of houses in foreclosure, of course, can present particular challenges. They may be uncooperative to allowing an inspection of the house. They may have deserted the home already and/or overlooked the care of the house for quite some time - or unfortunately, damaged the house. For real estate that has gone back to bank owned, you probably will be going for an expeditious disposition . But you may want to know and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the work required to make the home marketable at full market value commensurate with competing houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the special situation of an REO property, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can count on STEVEN GIANNINI & ASSOCIATES to take on the task of your bank owned property professionally and efficiently. Contact us today. |