Call WalshStreet  Appraisals to discuss appraisals for Los Angeles foreclosures

REO and Foreclosure Appraisal in Los Angeles County

Homes that have gone back to the institution's possession and houses in foreclosure create special appraisal difficulties.

It's key to understand the meanings of "market value" and a "quick disposition" value to know your probable write-down liability when dealing with a home in foreclosure. The professionals at WalshStreet Appraisals can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.

WalshStreet Appraisals has the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can trust.

Owners of properties in foreclosure may be uncooperative to allowing an inspection of the house, thus presenting specific challenges. Sometimes the homes show signs of vandalism, unfortunately by the residents. Or, it's common to find nobody has lived in house for months or the home neglected for extended periods of time.

For real estate that has already changed to REO, you probably will be interested in an expedited resolution. Regardless, you'll still want to consider three ways of looking at the value of the subject property:

  • As Repaired. Value with the repairs required to make the house marketable at full market value - appropriate with competing houses in the neighborhood
  • As-is. The market value of the home without any work performed
  • Quick sale. Somewhere in the middle, with minor investment in repairs - to get rid of the property quickly, possibly as a "fixer-upper"
Again, we understand your timeline and the specific situation of a bank owned home, as well as the special information you'll need - competing listings, neighborhood trends, and so forth. You can count on WalshStreet Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.

WalshStreet Appraisals P.O. Box 351081 Los Angeles, CA 90035
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