WalshStreet Appraisals is experienced when you need appraisals for bank owned properties in Los Angeles County
Real Estate in foreclosure and properties that have returned to the financial institution's possession present special appraisal problems.
When dealing with a property in foreclosure, it's important to ascertain market value versus a "quick disposition" price to analyze your likely charge-off liability.
At WalshStreet Appraisals, we have the background in both furnishing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your timeline.
Owners of dwellings in foreclosure might be opposed to allowing an inspection of the house, thus presenting particular challenges.
Often the homes have been ransacked, unfortunately by the former residents themselves. Or, it's common to find a house at a minimum abandoned or the home languishing in disrepair for long periods of time.
For real estate that has already returned to Real Estate Owned, you probably will be interested in a quick resolution. Regardless, you'll still want to consider three ways of determining the value of the real estate at hand:
Again, we understand your time line and the special circumstances of a bank owned home, as well as the unique information you'll need - competing listings, market trends, and so forth. You can count on WalshStreet Appraisals to take on the task of your bank owned property with expertise and professionalism. Contact us today.
- As Repaired. Value with the repairs called for to make the house marketable at full market value - consistent with other real estate in the area
- As-is. The market value of the house without any work done to it
- Quick sale. With minor investment in repairs - to offload the property quickly, seemingly as a "fixer-upper"