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Call WalshStreet  Appraisals to discuss valuations on Los Angeles foreclosures

Real Estate Owned and Foreclosure Appraisal in Los Angeles County

There are particular appraisal difficulties regarding a property in foreclosure or one that has gone back to the bank's possession.

For a house in foreclosure, you definitely need to recognize the gap between market value and a "quick disposition" price to know your possible charge-off liability. The professionals at WalshStreet Appraisals can provide both snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time line.

WalshStreet Appraisals has the experience to deal with the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact WalshStreet Appraisals.

Owners of homes in foreclosure, naturally, can present specific challenges: For example, they could be uncooperative when it comes to allowing us access to the property. They might have abandoned the home already and/or neglected care of the home for awhile - or worse, ransacked the property.

For real estate that has already reverted to REO, you likewise will be seeking a quick disposition. In any case, you'll still want to consider three angles for figuring the value of the real estate at hand:

  • As Repaired. Possible market value with the work called for to make the home marketable at full market value - comparable with competing properties in the neighborhood
  • As-is. The market value of the property without any work done to it
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to sell the property quickly, seemingly as a "fixer-upper"
Again, we understand your urgency and the specific situation of a Real Estate Owned property, as well as the unique data you will need - competing listings, neighborhood trends, and the like. You can rely on WalshStreet Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.