Foreclosure and Real Estate Owned Appraisal in Los Angeles County
Real Estate in foreclosure and houses that have gone back to the financial institution's possession bring forth particular appraisal problems.
It's important to recognize the difference between fair market value and "quick disposition" worth to know what losses you could have to endure when dealing with a property in foreclosure. At WalshStreet Appraisals, we have the background in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time line.
The professionals at WalshStreet Appraisals have the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact WalshStreet Appraisals.
Specific challenges can be present when working with owners of houses in foreclosure. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have overlooked the care of the property for quite some time - or worse, damaged the home.
You'll be interested in an expeditious disposition if the home has already gone back to REO. So you need to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work performed, with the work due to make the home marketable at full market value corresponding with competing houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a Real Estate Owned house, in addition to the specific information you will need -- competing listings, neighborhood trends, and so forth. You can rely on WalshStreet Appraisals to handle the task of your bank owned property with expertise and professionalism. Contact us today.