Real Estate Owned and Foreclosure Appraisals in Kendall County

When dealing with a home in foreclosure, it's important to differentiate market value versus a "quick disposition" price to analyze your likely charge-off liability. At New Phase Appraisal, we have the experience in both supplying snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your urgency.

	The professionals at New Phase Appraisal have the qualifications to deal with the special dynamics of a foreclosure appraisal. Contact New Phase Appraisal for a company you can count on.

Specific challenges may be present when working with owners of homes in foreclosure. They could be disinclined to allow an inspection of the house. Sometimes the houses show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time.

For real estate that has already returned to REO, you most likely will be interested in a quick disposition. Regardless, you'll still want to consider three angles for determining the value of the asset:

• As Repaired. Possible market value with the work necessary to make the house marketable at full market value - appropriate with competing homes in the neighborhood
• As-is. The market value of the property without any repairs performed
• Quick sale. Somewhere in the middle, with minimal investment in repairs - to offload the home quickly, likely to someone inclined to finish the job themselves