Foreclosure and Real Estate Owned Appraisals in Los Angeles County
Properties that have returned to the financial institution's possession and homes in foreclosure create specific appraisal problems.
When there is a property in foreclosure, it's important to ascertain market value versus a "quick disposition" price to evaluate your possible charge-off liability.
WalshStreet Appraisals has the training in both furnishing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your pressing needs.
You need a company with the qualifications to deal with the particular dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can count on.
Occupants of houses in foreclosure might be uncooperative to allowing an inspection of the home, thus presenting particular challenges.
They might have deserted the house already and/or neglected care of the property for quite some time - or gone as far as intentionally harmed the house.
For a house that has already gone back to REO, you typically will want to get rid of it quickly. Regardless, you'll still want to consider three ways of determining the value of the real estate at hand:
Again, we understand your urgency and the specific circumstances of a bank owned property, as well as the specific data you'll need - competing listings, market trends, and the like. You can count on WalshStreet Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today.
- As Repaired. Value with the work necessary to make the property marketable at full market value - appropriate with other properties in the area
- As-is. The value of the property without any work done to it
- Quick sale. With minimal investment in repairs - to get rid of the home quickly, most likely to someone inclined to finish the job themselves