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Call WalshStreet  Appraisals to discuss appraisals on Los Angeles foreclosures

Real Estate Owned and Foreclosure Appraisals in Los Angeles County

Homes that have returned to the bank's holding and homes in foreclosure present various appraisal problems.

It's vital to recognize the meanings of "market value" and a "quick disposition" price to know what losses you stand to sustain when dealing with a house in foreclosure. WalshStreet Appraisals has the knowledge in both supplying snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your pressing needs.

You need a company with the training to work with the unique dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can rely on.

Owners of property in foreclosure may be disinclined to allow an inspection of the house, thus presenting specific challenges. If they abandoned the house already, they may have ignored the care of the house for quite awhile - or even worse, caused damage to the home.

You'll be interested in a quick disposition if the home has changed to REO. So you need to know and analyze three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the home without any repairs done to it
  • Value with the repairs required to make the home marketable at full market value - appropriate with similar houses in the area
  • With minor investment in repairs - to sell the home quickly, probably to someone inclined to finish the job themselves
Again, we understand your time line and the unique circumstances of a Real Estate Owned home, as well as the unique data you'll need - competing listings, market trends, and so forth. You can rely on WalshStreet Appraisals to take on the task of your bank owned property professionally and efficiently. Contact us today.