WalshStreet Appraisals is a company you can trust when you need appraisals for bank owned properties in Los Angeles
There are specific appraisal difficulties when we're talking about a property in foreclosure or one that has gone back to the bank's control.
For a home in foreclosure, you may need to recognize the difference between fair market value and "quick disposition" value to know your potential charge-off liability. At WalshStreet Appraisals, we have the knowledge in both furnishing snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your urgency.
The professionals at WalshStreet Appraisals have the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can rely on.
Owners of property in foreclosure, of course, can present particular challenges. They could be opposed to allowing an inspection of the house. If they abandoned the home already, they might have overlooked the care of the property for a long time - or worse, damaged the house.
You will be interested in an expedited disposition if the property has already returned to Real Estate Owned. So you need to know and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the work due to make the home marketable at full market value commensurate with similar houses 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 time line and the unique circumstances of a bank owned home, in addition to the unique data you will need -- competing listings, market trends, and so forth. You can bank on WalshStreet Appraisals to handle the appraisal of your bank owned property with expertise and professionalism. Contact us today.