Call McMahon, Baldwin & Associates to order valuations for Dupage foreclosures

McMahon, Baldwin & Associates is experienced when it comes to bank owned properties in Dupage County

Houses that have returned to the financial institution's possession and houses in foreclosure bring forth various appraisal challenges.

For a home in foreclosure, you should know the difference between market price and a "quick disposition" to know your potential charge-off liability. McMahon, Baldwin & Associates has the knowledge in both presenting snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.

You need a company with the training to deal with the particular dynamics of a foreclosure appraisal. Contact McMahon, Baldwin & Associates for a company you can count on.

Occupants of houses in foreclosure may be unwilling to allow an inspection of the home, thus presenting particular challenges. If they deserted the property already, they might have overlooked the care of the house for a long time - or unfortunately, caused damage to the property.

For a home that has already returned to Real Estate Owned, you probably will be interested in an expeditious disposition. In any case, you'll still want to consider three ways of looking at the value of the real estate at hand:

  • As Repaired. Value with the work called for to make the home marketable at full market value - appropriate with similar homes in the area
  • As-is. The value of the house without any repairs done to it
  • Quick sale. Somewhere in the middle, with minor investment in repairs - to offload the property quickly, likely as a "fixer-upper"
Again, we understand your urgency and the specific situation of a bank owned house, as well as the specific information you'll need - competing listings, neighborhood trends, and so forth. You can count on McMahon, Baldwin & Associates to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.