Bobkat Appraisal Services is the company you should trust when it comes to foreclosure appraisals in St. Louis, St. Charles and the surrounding counties, including Illinois.

When dealing with a home in foreclosure, it's important to ascertain market value versus a "quick disposition" value to know your potential charge-off liability.  Bobkat Appraisal Services has the training in both supplying snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your urgency.

	The professionals at Bobkat Appraisal Services have the expertise to work with the specific dynamics of a foreclosure appraisal.  Contact Bobkat Appraisal Services for a company you can trust.

Occupants of properties in foreclosure could be unwilling to allow an inspection of the home, thus presenting unique challenges. Sometimes the subjects have been vandalized, unfortunately at the hands of the former residents themselves. Or, it's common to discover nobody has occupied the house for months or the home languishing in disrepair for extended periods of time.

For a home that has changed to Real Estate Owned, you typically will want it off your hands as quickly as possible. In any case, you'll still want to consider three ways of determining the value of the subject property:

• As Repaired.  Value with the work called for to make the house marketable at full market value - comparable with competing homes in the area
• As-is.  The market value of the house without any work performed
• Quick sale.  With a minor investment in repairs - to get rid of the property quickly, probably to someone who'd prefer to finish the job themselves