Call Financial Control Group, Inc. to order appraisals on Cook foreclosures

REO Appraisals in Cook County

Homes that have returned to the financial institution's control and houses in foreclosure present particular appraisal difficulties.

For a home in foreclosure, you would be wise to understand the difference between market price and a "quick disposition" to know your probable charge-off liability. At Financial Control Group, Inc., we have the experience in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that factor in your pressing needs.

You need a company with the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact Financial Control Group, Inc..

Owners of houses in foreclosure, naturally, can present unique challenges: They might be unwilling to allow an inspection of the house. If they left the property already, they may have not taken care of the property for a long time - or worse, caused damage to the home.

For a home that has already changed to REO, you probably will be seeking a quick resolution. In any case, you'll still want to consider three angles for determining the value of the real estate at hand:

  • As Repaired. Possible market value with the repairs called for to make the house marketable at full market value - commensurate with similar properties in the area
  • As-is. The market value of the property without any repairs performed
  • Quick sale. With minor investment in repairs - to offload the property quickly, seemingly as a "fixer-upper"
Again, we understand your urgency and the special circumstances of an REO property, as well as the special information you will need - competing listings, neighborhood trends, and so forth. You can rely on Financial Control Group, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.