WalshStreet Appraisals is a company you can trust when it comes to foreclosures in Los Angeles
There are unique appraisal challenges when we're talking about a property in foreclosure or one that has gone back to the financial institution's holding.
When dealing with a house in foreclosure, you need to understand the difference between fair market worth and "quick disposition" worth to analyze your likely charge-off liability. WalshStreet Appraisals has the knowledge in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your timeline.
We have the expertise to work with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact WalshStreet Appraisals.
Owners of property in foreclosure, of course, can present unique challenges. They may be disinclined to allow an inspection of the house. If they abandoned the property already, they could have neglected care of the house for awhile - or unfortunately, caused damage to the home.
For real estate that has returned to bank owned, you most likely will be interested in a speedy disposition . However, you might want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the repairs called for to make the house marketable at full market value corresponding with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your timeline and the specific situation of a bank owned property, in addition to the special data you will need -- competing listings, market trends, and the like. You can count on WalshStreet Appraisals to handle the task of your REO professionally and efficiently. Contact us today.