Call WalshStreet  Appraisals when you need appraisals regarding Los Angeles foreclosures

REO Appraisal in Los Angeles County

Homes that have reverted to the bank's control and properties in foreclosure bring forth particular appraisal problems.

You need to ascertain the meanings of "market value" and a "quick disposition" assessment to analyze your likely write-down liability when dealing with a house in foreclosure. At WalshStreet Appraisals, we have the knowledge in both furnishing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that consider your pressing needs.

You need a company with the experience to deal with the specific dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can trust.

Occupants of property in foreclosure might be unwilling to allow an inspection of the house, thus presenting unique challenges. Sometimes the properties have been vandalized, often at the hands of the residents. Or, it's common to find a house at least abandoned or the home languishing in disrepair for long periods of time.

For a property that has gone back to Real Estate Owned, you typically will want it off your hands as quickly as possible. In any case, you'll still want to consider three angles for looking at the value of the asset (or in some cases, liability):

  • As Repaired. Value with the repairs needed to make the house marketable at full market value - commensurate with competing real estate in the area
  • As-is. The value of the property without any repairs done to it
  • Quick sale. Somewhere in the middle, with minimal investment in repairs - to get rid of the property quickly, possibly as a "fixer-upper"
Again, we understand your timeline and the special situation of a bank owned house, in addition to the special information you'll need - competing listings, market trends, and so forth. You can count on WalshStreet Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.