WalshStreet Appraisals is experienced when it comes to bank owned properties in Los Angeles, California
Houses that have gone back to the financial institution's holding and houses in foreclosure present specific appraisal problems.
For a property in foreclosure, you would be wise to know the gap between market value and a "quick disposition" price to know your possible charge-off liability.
At WalshStreet Appraisals, we have the background in both supplying snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
Unique challenges can be present when working with owners of homes in foreclosure. They might be uncooperative to allowing an inspection of the house.
They may have abandoned the house already and/or ignored the care of the house for some time - or even worse, vandalized the property.
If you're dealing with property that has already reverted to bank owned, you will interested in a fast disposition. However, you may want to know about and examine three values: as-is, as repaired, and "quick sale". These correspond to:
Again, we understand your timeline and the specific circumstances of an REO house, as well as the specific information you'll need - competing listings, market trends, and the like. You can bank on WalshStreet Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today.
- The value of the home without any repairs done to it
- Possible value with the work needed to make the property marketable at full market value - comparable with similar properties in the neighborhood
- With minor investment in repairs - to sell the property quickly, probably to someone inclined to finish the job themselves