Call WalshStreet  Appraisals when you need appraisals of Los Angeles foreclosures

Real Estate Owned Appraisal in Los Angeles County

Houses that have returned to the bank's ownership and properties in foreclosure create unique appraisal difficulties.

For a property in foreclosure, you definitely need to know the gap between market price and a "quick disposition" price to know your likely charge-off liability. At WalshStreet Appraisals, we have the experience in both producing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that consider your pressing needs.

We have the experience to handle the unique dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can trust.

Special challenges might be present when dealing with owners of homes in foreclosure. They might be opposed to allowing an inspection of the home. Sometimes the subjects have been vandalized, unfortunately at the hands of the residents themselves. Or, it's common to find the families have moved out or the home neglected for long periods of time.

You'll be interested in a speedy disposition if the property has returned to Real Estate Owned. So you need to know and examine three values: "as-is", "as repaired", and "quick sale". These correspond to:

  • The value of the home without any repairs done to it
  • Possible value with the repairs required to make the house marketable at full market value - comparable with competing real estate in the area
  • With minor investment in repairs - to get rid of the property quickly, possibly as a "fixer-upper"
Again, we understand your timeline and the unique circumstances of a bank owned property, as well as the unique data you will need - competing listings, market trends, and so forth. You can rely on WalshStreet Appraisals to handle the appraisal of your REO with expertise and professionalism. Contact us today.