What Does a Public Adjuster Do and How Can They Benefit Your Business?

“What does a public adjuster do?” is one of the most asked questions by real estate agents and home buyers alike. In simple terms, the public has an interest in the property that it is investing in. This interest is protected by the law called the Real Estate Settlement Procedures Act. If you are wondering about what a public adjuster does, then here are some answers for you.

This individual or group of individuals have the responsibility to make impartial decisions about a property. It is their job to look into any aspect of a realty investment that could affect the market value. As a result, they will visit properties that need fixing up or that are in need of cosmetic changes. They will also look into the overall condition of the property.

This can be a very daunting task. One way to get over this fear is to hire a real estate professional agency. You can take advantage of agencies that are licensed by the State to offer legal services related to real estate.

What does a public accountant do? They look at the books of any particular real estate investment. They are looking for anything that might affect the value of the investment. For example, if there are debts owed to a particular company, this will have an effect on the overall worth of the real estate.

There are many aspects to this job. In most cases, a public adjuster is an independent individual like National Fire Adjustment Canada. However, there are certain situations where an agent is required to work as part of a team. For example, they will need to coordinate with the owner of the house as well as with the neighbors.

They will review the mortgage documents. They will listen to the lender. They may have access to other documentation as well. At times, they will meet with the customer to personally explain the situation and see what the homeowner wants done. Once the customer has made their wishes known, the public officer will make their recommendation to the lender.

The primary duties of the public adjuster are to communicate to the lender the homeowner’s needs. The lender is in the business of lending money. They want to make sure that their loans are repaid. When people default on their mortgages, the lender is at risk of not being paid. The real estate investment is at risk as well if the homeowner doesn’t sell it on time.

This is why it’s important for the public officer to stay neutral in their recommendations. They must promote an agreement between the parties. It is up to the investor to choose whom to work with. If they choose to work with the real estate agent, then that’s what they will do. However, when the homeowner doesn’t have a choice, the public officer will speak on behalf of the homeowner in the lending decision.

A public officer does not put pressures on either the borrower or the lender to act in ways that benefit them or harm them financially. They will speak truthfully and objectively about the mortgage issues. At times they may suggest modifying the loan. At other times they may suggest foreclosing on the property altogether.

Whatever the advice they give, they are unbiased and objective. They will discuss all options available and will not put one lender over another. They will not recommend which lender to pursue first. It’s totally up to the borrower and the lender on which one to go with.

When a public adjuster makes a recommendation to a bank about a foreclosure, it’s not a decision that they take lightly. They know that it could mean the difference between walking away from a home and having to move. Sometimes they try to talk the homeowner into relocating as well. If the homeowner does agree to move, then the public adjuster may be asked to stay in contact with the homeowner for a certain period of time. This is just standard protocol when it comes to working in this capacity.

If you think that you might be in a situation where you need to find out what does a public adjuster do, you should contact a good real estate lawyer right away. While there is nothing wrong with asking for a referral, it’s better to be prepared. You want to get the best advice possible and a real estate attorney can provide that. It’s also better if your real estate lawyer knows what exactly a public adjuster does.

National Fire Adjustment Co.

1100 S Service Rd #222,

Stoney Creek, ON L8E 0C5



By Richard