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Call Mary Kay Moloney when you need valuations of Cook foreclosures

REO Appraisal in Cook County

Houses that have reverted to the bank's holding and properties in foreclosure bring forth particular appraisal problems.

When dealing with a home in foreclosure, it's important to know market value versus a "quick disposition" value to evaluate your possible charge-off liability. The professionals at Mary Kay Moloney can provide both snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time constraints.

Mary Kay Moloney has the qualifications to deal with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact Mary Kay Moloney.

Particular challenges might be present when dealing with owners of properties in foreclosure. They may be uncooperative to allowing an inspection of the house. Sometimes the subjects show signs of vandalism, unfortunately at the hands of the former residents. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for long periods of time.

For a house that has reverted to REO, you likewise will be going for a speedy disposition. However, you may want to know about and compare the concepts of "as-is", "as repaired", and "quick sale" values. These represent:

  • The value of the home without any work done to it
  • Possible value with the repairs required to make the property marketable at full market value - in accordance with competing homes in the neighborhood
  • With minimal investment in repairs - to offload the home quickly, possibly to someone inclined to finish the job themselves
Again, we understand your timeline and the unique situation of a bank owned house, as well as the special information you'll need - competing listings, market trends, and so forth. You can bank on Mary Kay Moloney to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.