WalshStreet Appraisals is experienced when you need appraisals for foreclosures in Los Angeles
There are special appraisal difficulties involved in a house in foreclosure or one that has gone back to the institution's possession.
It's key to ascertain the difference between fair market worth and "quick disposition" value to know what losses you could sustain when dealing with a property in foreclosure. WalshStreet Appraisals has the experience in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into account your urgency.
We have the experience to work with the specific dynamics of a foreclosure appraisal. For a company you can count on, contact WalshStreet Appraisals.
Special challenges might be present when dealing with owners of homes in foreclosure. They may be disinclined to allow an inspection of the home. If they have abandoned the home already, they might have neglected care of the house for quite awhile - or worse, caused damage to the property.
For real estate that has reverted to Real Estate Owned, you typically will want to get rid of it quickly . But you might want to know about and examine three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the repairs necessary to make the home marketable at full market value commensurate with competing houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of a bank owned house, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can rely on WalshStreet Appraisals to take on the task of your REO with expertise and professionalism. Contact us today.