WalshStreet Appraisals is experienced when it comes to bank owned properties in Los Angeles
Homes that have reverted to the bank's holding and properties in foreclosure present particular appraisal problems.
It's vital to understand the difference between fair market value and "quick disposition" value to know your potential charge-off liability when dealing with a home in foreclosure. The professionals at WalshStreet Appraisals can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that take into account 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.
Unique challenges can be present when working with owners of property in foreclosure. They could be opposed to allowing an inspection of the house. They might have left the property already and/or neglected care of the property for quite awhile - or unfortunately, caused damage to the house.
For real estate that has already gone back to REO, you likewise will be going for a speedy disposition . But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the house without any work performed, with the repairs required to make the property marketable at full market value appropriate with similar real estate in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned house, in addition to the specific data you will need -- competing listings, market 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.