Foreclosure Appraisal in Los Angeles County
Real Estate in foreclosure and homes that have reverted to the lender's possession bring forth particular appraisal problems.
When dealing with a property in foreclosure, you should ascertain the difference between fair market worth and "quick disposition" price to know your probable charge-off liability. WalshStreet Appraisals has the knowledge in both supplying snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that respect your timeline.
The professionals at WalshStreet Appraisals have the experience to deal with the specific dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can rely on.
Unique challenges may be present when working with owners of houses in foreclosure. They could be uncooperative to allowing an inspection of the property. If they abandoned the property already, they could have ignored the care of the property for quite some time - or even worse, damaged the property.
You'll be interested in a fast disposition if the house has changed to bank owned. So you might want to know and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any repairs done to it, with the work called for to make the home marketable at full market value corresponding with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely as a "fixer-upper". Again, we understand your time line and the specific situation of a Real Estate Owned house, in addition to the unique information you'll need -- competing listings, neighborhood trends, and the like. You can rely on WalshStreet Appraisals to take on the task of your REO with expertise and professionalism. Contact us today.