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Call WalshStreet  Appraisals to order appraisals regarding Los Angeles foreclosures

Foreclosure Appraisals in Los Angeles County

Homes that have gone back to the financial institution's holding and properties in foreclosure create specific appraisal challenges.

For a home in foreclosure, you need to understand the difference between the market and a "quick disposition" to know your probable charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account your time line.

You need a company with the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact WalshStreet Appraisals.

Occupants of properties in foreclosure might be opposed to allowing an inspection of the property, thus presenting unique challenges. If they have abandoned the house already, they may have ignored the care of the house for quite some time - or worse, damaged the house.

For real estate that has already gone back to Real Estate Owned, you probably will be seeking a quick resolution. Regardless, you'll still want to consider three ways of figuring the value of the real estate at hand:

  • As Repaired. Possible market value with the work required to make the home marketable at full market value - consistent with competing real estate in the neighborhood
  • As-is. The market value of the home without any repairs done to it
  • Quick sale. Somewhere in the middle, with minor investment in repairs - to sell the property quickly, probably to someone inclined to finish the job themselves
Again, we understand your time line and the unique circumstances of an REO house, in addition to the specific data you'll need - competing listings, neighborhood trends, and so forth. You can bank on WalshStreet Appraisals to handle the task of your REO with expertise and professionalism. Contact us today.