WalshStreet Appraisals is experienced when it comes to foreclosures in Los Angeles
Houses that have returned to the financial institution's control and houses in foreclosure create particular appraisal difficulties.
For a property in foreclosure, you might need to know the gap between the fair market price and "quick disposition" value to know your possible charge-off liability. At WalshStreet Appraisals, we have the experience in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
We have the expertise to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact WalshStreet Appraisals.
Owners of homes in foreclosure, of course, can present particular challenges. They could be disinclined to allow an inspection of the house. Often the houses have been ransacked, often by the residents themselves. Or, it's common to discover nobody has lived in house for months or the home neglected for long of time.
You will be interested in a fast disposition if the home has already returned to REO. So you might want to understand and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the repairs called for to make the home marketable at full market value corresponding with the other real estate in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the specific circumstances of a bank owned house, in addition to the special data you will need -- competing listings, neighborhood trends, and the like. You can count on WalshStreet Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today.