Call ADB Properties, Inc. to order valuations regarding Baltimore foreclosures

ADB Properties, Inc. is experienced when you need appraisals for bank owned properties in Baltimore County

There are various appraisal problems regarding a property in foreclosure or one that has returned to the financial institution's possession.

It's important to understand the meanings of "market value" and a "quick disposition" price to evaluate what losses you stand to sustain when dealing with a home in foreclosure. At ADB Properties, Inc., we have the background in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that consider your time line.

We have the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact ADB Properties, Inc..

Particular challenges might be present when dealing with owners of homes in foreclosure. They could be unwilling to allow an inspection of the property. If they have abandoned the property already, they might have overlooked the care of the property for some time - or even worse, damaged the house.

For a property that has already changed to Real Estate Owned, you likewise will be going for a fast disposition. In any case, you'll still want to consider three ways of determining the value of the asset:

  • As Repaired. Possible market value with the repairs necessary to make the home marketable at full market value - consistent with other homes in the area
  • As-is. The market value of the house without any work performed
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to get rid of the home quickly, likely as a "fixer-upper"
Again, we understand your timeline and the unique situation of a Real Estate Owned home, in addition to the special data you will need - competing listings, neighborhood trends, and the like. You can rely on ADB Properties, Inc. to handle the task of your REO with expertise and professionalism. Contact us today.