Call WalshStreet  Appraisals to discuss valuations pertaining to Los Angeles foreclosures

Foreclosure Appraisal in Los Angeles County

There are various appraisal challenges for a home in foreclosure or one that has returned to the lender's holding.

It's vital to recognize the meanings of "market value" and a "quick disposition" price to evaluate your potential charge-off liability when dealing with a property in foreclosure. WalshStreet Appraisals has the knowledge in both providing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into consideration your urgency.

The professionals at WalshStreet Appraisals have the experience to deal with the unique dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can count on.

Owners of dwellings in foreclosure may be opposed to allowing an inspection of the home, thus presenting special challenges. They might have deserted the house already and/or overlooked the care of the property for quite awhile - or in some cases intentionally harmed the property.

For a house that has returned to REO, you likewise will be seeking an expedited resolution. In any case, you'll still want to consider three ways of determining the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work necessary to make the house marketable at full market value - comparable with competing real estate in the area
  • As-is. The market value of the property without any repairs performed
  • Quick sale. Somewhere in between, with minor investment in repairs - to get rid of the property quickly, probably to someone who'd prefer to finish the job themselves
Again, we understand your timeline and the specific situation of an REO home, as well as the unique information you'll need - competing listings, neighborhood trends, and so forth. You can bank on WalshStreet Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today.