Call WalshStreet  Appraisals to discuss valuations for Los Angeles foreclosures

Foreclosure and Real Estate Owned Appraisals in Los Angeles County

There are specific appraisal difficulties when it comes to a property in foreclosure or one that has returned to the lender's possession.

It's vital to differentiate the meanings of "market value" and a "quick disposition" value to analyze your potential write-down liability when dealing with a home in foreclosure. We can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.

You need a company with the expertise to handle the special dynamics of a foreclosure appraisal. For a company you can trust, contact WalshStreet Appraisals.

Special challenges may be present when working with owners of homes in foreclosure. They might be opposed to allowing an inspection of the home. They may have deserted the home already and/or neglected care of the home for a long time - or in some cases damaged the house.

If you're dealing with property that has changed to REO, you will interested in a speedy disposition. However, you might want to know about and compare three values: as-is, as repaired, and "quick sale". These represent:

  • The value of the home without any work done to it
  • Value with the work called for to make the house marketable at full market value - comparable with other houses in the neighborhood
  • With minimal investment in repairs - to get rid of the home quickly, most likely to someone inclined to finish the job themselves
Again, we understand your urgency and the specific circumstances of a Real Estate Owned house, in addition to the special information you'll need - competing listings, neighborhood trends, and the like. You can bank on WalshStreet Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.