WalshStreet Appraisals is experienced when it comes to bank owned properties in Los Angeles, California
Homes that have reverted to the institution's possession and houses in foreclosure present specific appraisal difficulties.
When dealing with a home in foreclosure, you should understand market value versus a "quick disposition" assessment to evaluate your probable charge-off liability.
WalshStreet Appraisals has the training in both producing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your urgency.
Occupants of dwellings in foreclosure might be opposed to allowing an inspection of the house, thus presenting unique challenges.
They might have deserted the home already and/or overlooked the care of the house for quite some time - or unfortunately, intentionally harmed the home.
For a home that has already returned to Real Estate Owned, you likewise will be going for a speedy disposition. Regardless, you'll still want to consider three angles for determining the value of the subject property:
Again, we understand your timeline and the special circumstances of a bank owned house, in addition to the specific data you'll need - competing listings, neighborhood trends, and the like. You can bank on WalshStreet Appraisals to handle the task of your REO professionally and efficiently. Contact us today.
- As Repaired. Value with the work due to make the house marketable at full market value - consistent with similar homes in the neighborhood
- As-is. The market value of the house without any repairs done to it
- Quick sale. With minor investment in repairs - to offload the property quickly, most likely to someone who'd rather finish the job themselves