profile picture

Call J.S. Appraisals, Inc. to discuss valuations of Dupage foreclosures

J.S. Appraisals, Inc. is the company you should trust when you need appraisals for foreclosures in Dupage County

There are unique appraisal challenges when it comes to a home in foreclosure or one that has reverted to the institution's control.

You need to differentiate the meanings of "market value" and a "quick disposition" value to analyze what losses you could realize when dealing with a house in foreclosure. The professionals at J.S. Appraisals, Inc. can provide both snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your urgency.

The professionals at J.S. Appraisals, Inc. have the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact J.S. Appraisals, Inc..

Owners of property in foreclosure may be opposed to allowing an inspection of the property, thus presenting specific challenges. Often the properties have been vandalized, unfortunately by the residents. Or, it's likely you'll discover nobody has lived in house for months or the home neglected for long periods of time.

For real estate that has already reverted to Real Estate Owned, you likewise will be seeking a quick disposition. Regardless, you'll still want to consider three ways of figuring the value of the asset (or in some cases, liability):

  • As Repaired. Possible market value with the work needed to make the home marketable at full market value - appropriate with other real estate in the area
  • As-is. The market value of the property without any repairs performed
  • Quick sale. Somewhere in between, with minor investment in repairs - to get rid of the home quickly, most likely to someone inclined to finish the job themselves
Again, we understand your timeline and the unique situation of a Real Estate Owned house, in addition to the specific data you will need - competing listings, neighborhood trends, and so forth. You can bank on J.S. Appraisals, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.