Call Adam's Appraisal Services to order valuations for Bonneville foreclosures

Adam's Appraisal Services is experienced when it comes to foreclosures in Bonneville County

Properties that have returned to the financial institution's control and properties in foreclosure bring forth various appraisal difficulties.

It's key to differentiate the meanings of "market value" and a "quick disposition" value to know your possible charge-off liability when dealing with a house in foreclosure. At Adam's Appraisal Services, we have the knowledge in both producing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that factor in your timeline.

You need a company who has the experience to work with the particular dynamics of a foreclosure appraisal. Contact Adam's Appraisal Services for a company you can rely on.

Unique challenges can be present when dealing with owners of properties in foreclosure. They may be unwilling to allow an inspection of the home. Sometimes the houses have been vandalized, often at the hands of the residents themselves. Or, it's likely you'll discover a house at a minimum abandoned or the home languishing in disrepair for long periods of time.

For real estate that has already gone back to REO, you most likely will be seeking an expedited disposition. In any case, you'll still want to consider three ways of determining the value of the subject property:

  • As Repaired. Possible market value with the work called for to make the house marketable at full market value - comparable with similar properties in the area
  • As-is. The market value of the property without any repairs performed
  • Quick sale. With minimal investment in repairs - to offload the home quickly, possibly as a "fixer-upper"
Again, we understand your time line and the unique situation of an REO house, in addition to the special data you'll need - competing listings, market trends, and the like. You can count on Adam's Appraisal Services to take on the task of your REO with expertise and professionalism. Contact us today.