Adam's Appraisal Services is experienced when it comes to foreclosures in Bonneville CountyProperties 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.
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: