Boivin Appraisals, Inc. is experienced when it comes to bank owned properties in Dupage County

It's key to recognize the meanings of "market value" and a "quick disposition" value to know your likely write-down liability when dealing with a property in foreclosure. The professionals at Boivin Appraisals, Inc. can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.

	You need a company with the qualifications to work with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact Boivin Appraisals, Inc..

Occupants of houses in foreclosure could be opposed to allowing an inspection of the home, thus presenting specific challenges. Often the properties have been intentionally damaged, unfortunately by the former residents themselves. Or, it's likely you'll find nobody has lived in house for months or the home neglected for extended periods of time.

For a property that has gone back to REO, you most likely will be going for a quick disposition. In any case, you'll still want to consider three ways of figuring the value of the asset (or in some cases, liability):

• As Repaired. Value with the repairs due to make the property marketable at full market value - consistent with other real estate in the area
• As-is. The value of the house without any work done to it
• Quick sale. Somewhere in between, with minimal investment in repairs - to get rid of the property quickly, most likely as a "fixer-upper"