WalshStreet Appraisals is experienced when it comes to bank owned properties in Los Angeles
Homes that have returned to the financial institution's control and properties in foreclosure present various appraisal challenges.
For a home in foreclosure, you might need to understand the gap between the fair market worth 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 consideration your time constraints.
You need a company with the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact WalshStreet Appraisals.
Particular challenges can be present when dealing with owners of homes in foreclosure. They may be uncooperative to allowing an inspection of the home. They may have moved out of the home already and/or overlooked the care of the property for awhile - or gone as far as intentionally harmed the property.
For real estate that has returned to bank owned, you likewise will be seeking a fast resolution . But you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs performed, with the repairs necessary to make the property marketable at full market value consistent with similar houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the special circumstances of a bank owned property, in addition to the specific information you'll need -- competing listings, neighborhood trends, and the like. You can rely on WalshStreet Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.