WalshStreet Appraisals is a company you can trust when you need appraisals for foreclosures in Los Angeles
Properties in foreclosure and houses that have gone back to the financial institution's ownership present unique appraisal challenges.
When there is a house in foreclosure, it's important to differentiate the difference between fair market worth and "quick disposition" value to evaluate your likely charge-off liability. At WalshStreet Appraisals, we have the knowledge in both producing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company with the experience to deal with the special dynamics of a foreclosure appraisal. For a company you can count on, contact WalshStreet Appraisals.
Owners of homes in foreclosure, of course, can present specific challenges. They might be unwilling to allow an inspection of the property. Sometimes the homes have been vandalized, unfortunately by the former residents themselves. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for extended periods of time.
For a property that has gone back to REO, you most likely will want to get rid of it quickly . However, you may want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the work required to make the property marketable at full market value appropriate with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of a bank owned house, in addition to the special information you'll need -- competing listings, market trends, and so forth. You can count on WalshStreet Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.