Call WalshStreet  Appraisals to order appraisals pertaining to Los Angeles foreclosures

Foreclosure and Real Estate Owned Appraisal in Los Angeles County

There are specific appraisal problems when it comes to a house in foreclosure or one that has returned to the lender's ownership.

You need to ascertain the meanings of "market value" and a "quick disposition" assessment to analyze your potential charge-off liability when dealing with a property in foreclosure. At WalshStreet Appraisals, we have the experience in both producing snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time constraints.

The professionals at WalshStreet Appraisals have the qualifications to work with the special dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can trust.

Specific challenges might be present when dealing with owners of property in foreclosure. They could be unwilling to allow an inspection of the property. They might have left the home already and/or overlooked the care of the property for a long time - or even worse, damaged the house.

You'll be interested in an expedited disposition if the home has gone back to bank owned. So you might want to understand and review three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the property without any repairs done to it
  • Possible value with the work called for to make the house marketable at full market value - commensurate with other real estate in the neighborhood
  • Somewhere in the middle, with minimal investment in repairs - to sell the home quickly, likely to someone who'd rather finish the job themselves
Again, we understand your timeline and the special situation of an REO home, as well as the special data you will need - competing listings, market trends, and the like. You can rely on WalshStreet Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.