WalshStreet Appraisals is a company you can trust when it comes to foreclosures in Los Angeles
There are various appraisal problems regarding a property in foreclosure or one that has reverted to the lender's ownership.
For a property in foreclosure, you might need to recognize the gap between the fair market price and "quick disposition" to know your probable charge-off liability. At WalshStreet Appraisals, we have the training in both presenting snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your timeline.
You need a company with the experience to deal with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact WalshStreet Appraisals.
Owners of homes in foreclosure could be unwilling to allow an inspection of the home, thus presenting specific challenges. If they moved out of the house already, they could have overlooked the care of the house for a long time - or even worse, ransacked the property.
For real estate that has returned to REO, you probably will be interested in a quick resolution . However, you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the repairs necessary to make the house marketable at full market value corresponding with the other real estate in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your time line and the unique situation of a bank owned home, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can count on WalshStreet Appraisals to take on the task of your REO professionally and efficiently. Contact us today.