Foreclosure Appraisals in McHenry County

For a home in foreclosure, you need to recognize the difference between market value and a "quick disposition" value to know your probable charge-off liability. A.M. Appraisals has the experience in both providing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into consideration your time line.

	The professionals at A.M. Appraisals have the expertise to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact A.M. Appraisals.

Occupants of homes in foreclosure might be opposed to allowing an inspection of the property, thus presenting unique challenges. Often the houses have been vandalized, often at the hands of the residents. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.

You'll be interested in a fast disposition if the property has gone back to Real Estate Owned. So you need to understand and examine three values: "as-is", "as repaired", and "quick sale". These represent:

• The value of the property without any repairs performed
• Value with the repairs needed to make the home marketable at full market value - commensurate with competing homes in the area
• With minor investment in repairs - to offload the home quickly, possibly as a "fixer-upper"