WalshStreet Appraisals is experienced when you need appraisals for foreclosures in Los Angeles
Properties that have returned to the bank's holding and properties in foreclosure present unique appraisal challenges.
For a property in foreclosure, you may need to know the difference between fair market and "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that take into account your timeline.
You need a company with the expertise to deal with the special dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can count on.
Specific challenges may be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the home. If they abandoned the property already, they might have ignored the care of the home for a long time - or unfortunately, ransacked the house.
For real estate that has changed to REO, you probably will be interested in a quick disposition . However, you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work done to it, with the repairs called for to make the property marketable at full market value commensurate with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned property, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on WalshStreet Appraisals to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.