Valuation, Liquidation, Short SalesThere are many variables to consider when completing a foreclosure appraisal that require expert attention.

We have relationships with many loss and mitigation departments that depend on us to provide accurate valuations for distressed and bank owned properties. If you find yourself faced with this situation, contact us. Our qualified appraisers can assist with questions regarding valuation, liquidation or short sale offers with your lending institution.

 

FORECLOSURES AND DECLINING MARKET VALUES

The number of homes currently in foreclosure is unsettling. Unfortunately, the foreclosure process is affecting many homeowners by causing declining property values and forcing sellers to compete with bank owned properties. If the mortgage foreclosure filings and dispositions continue at the current pace, Illinois will have additional supply and inventory. See local stats at Cook County

Real Estate Owned (REO)

The REO purchase market can be a crowded place. Some buyers are taking full advantage of the current declining market. It's not uncommon for banks to receive multiple offers on a REO property. You should know what the banks look for in an offer. Our local appraisers can evaluate the property of interest and provide an accurate report that may be used when you are considering writing an offer to purchase.
8 REO Tips for Buying Foreclosures