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Call WalshStreet  Appraisals when you need appraisals pertaining to Los Angeles foreclosures

REO Appraisals in Los Angeles County

Properties that have gone back to the bank's possession and homes in foreclosure create special appraisal difficulties.

It's important to ascertain the meanings of "market value" and a "quick disposition" assessment to analyze your potential write-down liability when dealing with a property in foreclosure. WalshStreet Appraisals has the knowledge in both producing snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time line.

We have the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact WalshStreet Appraisals.

Owners of property in foreclosure could be opposed to allowing an inspection of the house, thus presenting specific challenges. They could have left the property already and/or neglected care of the house for a long time - or unfortunately, vandalized the home.

For real estate that has changed to Real Estate Owned, you typically will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for figuring the value of the asset (or in some cases, liability):

  • As Repaired. Value with the work necessary to make the home marketable at full market value - comparable with similar houses in the area
  • As-is. The value of the home without any work performed
  • Quick sale. Somewhere in between, with minimal investment in repairs - to offload the home quickly, probably to someone who'd rather finish the job themselves
Again, we understand your urgency and the specific circumstances of a bank owned home, as well as the special information you will need - competing listings, neighborhood trends, and so forth. You can bank on WalshStreet Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.