Real Estate Owned and Foreclosure Appraisal in Los Angeles County
Houses in foreclosure and homes that have reverted to the financial institution's possession present special appraisal challenges.
For a home in foreclosure, you need to understand the gap between the fair market value and "quick disposition" to know your potential charge-off liability. WalshStreet Appraisals has the background in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.
WalshStreet Appraisals has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can trust.
Owners of homes in foreclosure could be disinclined to allow an inspection of the house, thus presenting specific challenges. Often the homes have been vandalized, unfortunately at the hands of the former residents. Or, it's likely you'll discover the families have moved out or the home neglected for extended periods of time.
You will be interested in a fast disposition if the property has already changed to Real Estate Owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the work required to make the home marketable at full market value corresponding with competing houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique situation of an REO home, as well as the specific data you'll need -- competing listings, neighborhood trends, and the like. You can rely on WalshStreet Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today.