WalshStreet Appraisals is experienced when it comes to bank owned properties in Los Angeles
Properties that have gone back to the financial institution's ownership and houses in foreclosure present particular appraisal problems.
When there is a house in foreclosure, it's important to ascertain the difference between fair market price and "quick disposition" worth to analyze your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your time line.
We have the training to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact WalshStreet Appraisals.
Occupants of houses in foreclosure may be opposed to allowing an inspection of the house, thus presenting specific challenges. They may have abandoned the property already and/or neglected care of the home for some time - or worse, vandalized the house.
For a house that has gone back to REO, you probably will be interested in a quick resolution . However, you might want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the work called for to make the home marketable at full market value comparable with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of an REO house, in addition to the unique data you will need -- competing listings, neighborhood trends, and the like. You can rely on WalshStreet Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.