Foreclosure Appraisals in Los Angeles County
Houses that have gone back to the financial institution's holding and properties in foreclosure create various appraisal challenges.
When there is a property in foreclosure, it's important to understand the difference between fair market price and "quick disposition" worth to analyze your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
The professionals at WalshStreet Appraisals have the expertise to handle the particular dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can trust.
Particular challenges can be present when dealing with owners of properties in foreclosure. They may be unwilling to allow an inspection of the house. They may have left the house already and/or overlooked the care of the house for some time - or even worse, vandalized the property.
For real estate that has changed to Real Estate Owned, you probably will want to get rid of it quickly . However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs called for to make the home marketable at full market value corresponding with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique situation of a bank owned property, as well as the specific data you will need -- competing listings, market trends, and so forth. You can count on WalshStreet Appraisals to take on the task of your bank owned property professionally and efficiently. Contact us today.