Real Estate Owned Appraisals in Los Angeles County
Properties in foreclosure and houses that have gone back to the lender's holding create unique appraisal challenges.
When there is a property in foreclosure, you need to differentiate the difference between fair market worth and "quick disposition" value to know your possible charge-off liability. WalshStreet Appraisals has the knowledge in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your timeline.
We have the expertise to handle the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact WalshStreet Appraisals.
Special challenges can be present when dealing with owners of homes in foreclosure. They might be unwilling to allow an inspection of the house. Sometimes the subjects have been vandalized, often by the residents themselves. Or, it's likely you'll discover a house at least abandoned or the home languishing in disrepair for long of time.
If your property has gone back to REO, you will interested in a quick disposition. However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs performed, with the work required to make the property marketable at full market value consistent with the other real estate in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your timeline and the unique circumstances of a bank owned property, in addition to the unique data you'll need -- competing listings, market trends, and the like. You can rely on WalshStreet Appraisals to handle the appraisal of your REO professionally and efficiently. Contact us today.