Then, features such as the number of bedrooms and bathrooms, family room, den, and or other amenities and the square footage of the homes are compared to your property. Properties that are currently on the market are analyzed to determine the similarities to your property and the list price is taken into consideration. Then an estimate is given as to what your property may be worth. This estimation is based on the information gathered and from a broker's experience in the field of real estate sales. A net sheet is then prepared for you so you will know how much equity you have.
Equity is the marked value of property less the amount of existing liens.
The Foreclosure Process There are many steps involved in the Foreclosure process. Depending on the type of homeloan you have, the process can take between 6 to 9 months. If you need something notarized, don t drive all over town looking for a Notary Public. I will come to your home and provide you with the professional service that you deserve. I m just a telephone call away.