Call WalshStreet  Appraisals to order appraisals of Los Angeles foreclosures

Real Estate Owned and Foreclosure Appraisals in Los Angeles County

Homes that have returned to the financial institution's possession and homes in foreclosure bring forth various appraisal difficulties.

It's important to ascertain the meanings of "market value" and a "quick disposition" price to analyze what losses you might realize when dealing with a property in foreclosure. At WalshStreet Appraisals, we have the knowledge in both supplying snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that factor in your timeline.

You need a company who has the training to handle the particular dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can rely on.

Owners of homes in foreclosureunfortunately can present special challenges. They might be disinclined to allow the appraiser access to the house. They might have deserted the property already and/or neglected care of the home for quite some time - or gone as far as damaged the house.

For a home that has changed to Real Estate Owned, you most likely will be interested in an expeditious resolution. Regardless, you'll still want to consider three angles for determining the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work required to make the home marketable at full market value - appropriate with similar properties in the neighborhood
  • As-is. The market value of the home without any work done to it
  • Quick sale. With minor investment in repairs - to get rid of the home quickly, probably as a "fixer-upper"
Again, we understand your time line and the special circumstances of a bank owned home, in addition to the special information you'll need - competing listings, neighborhood trends, and so forth. You can count on WalshStreet Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.