McMahon, Baldwin & Associates is experienced when it comes to bank owned properties in Dupage CountyHouses that have returned to the financial institution's possession and houses in foreclosure bring forth various appraisal challenges.
For a home in foreclosure, you should know the difference between market price and a "quick disposition" to know your potential charge-off liability. McMahon, Baldwin & Associates has the knowledge in both presenting snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
Occupants of houses in foreclosure may be unwilling to allow an inspection of the home, thus presenting particular challenges. If they deserted the property already, they might have overlooked the care of the house for a long time - or unfortunately, caused damage to the property.
For a home that has already returned to Real Estate Owned, you probably will be interested in an expeditious disposition. In any case, you'll still want to consider three ways of looking at the value of the real estate at hand: