Real Estate Owned Appraisals in Los Angeles County
There are particular appraisal problems when it comes to a property in foreclosure or one that has returned to the bank's holding.
It's key to ascertain the difference between fair market value and "quick disposition" worth to analyze what losses you could have to endure when dealing with a house in foreclosure. At WalshStreet Appraisals, we have the experience in both supplying snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that understand your timeline.
We have the training to deal with the particular dynamics of a foreclosure appraisal. For a company you can trust, contact WalshStreet Appraisals.
Specific challenges might be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the house. If they abandoned the home already, they might have ignored the care of the home for some time - or unfortunately, damaged the house.
If your house has changed to Real Estate Owned, you will interested in a speedy disposition. But you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the repairs due to make the property marketable at full market value appropriate with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the special circumstances of an REO house, in addition to the specific information you will need -- competing listings, market trends, and the like. You can rely on WalshStreet Appraisals to handle the task of your REO with expertise and professionalism. Contact us today.